Iran may have been the final nail in the coffin. At the time of writing, CME’s FedWatch barometer prices a 97% chance of a hold at the meeting in a fortnight’s time.
Target said that it expects net sales for the year to increase by 2%, which would mean it expects sales to reach $106.88 billion. That’s a bit above analysts’ expectations of $106.7 billion. Target also anticipates earnings per share to be in the range of $7.50 to $8.50. Analysts are expecting $7.30 per share for the year, according to analysts polled by FactSet.
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