Target Dips After Trimming Forecast; Lowe's Rallies; Semrush Soars
On this episode of Stock Movers:- Shares of Target Corporation (TGT) dipped in premarket trading after the company trimmed its profit forecast for the year, signaling that its turnaround push is going to take more time as the big-box retailer deals with markdowns and soft demand in key merchandise areas. The company now expects earnings per share, excluding some items, of $7 to $8 this year, cutting the high end of its previous forecast. By that same measure, third-quarter results surpassed the average of analyst estimates, but the key retail metric of comparable sales contracted more than…
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