Target’s Troubles Leave Analysts Most Negative Since 2018 (1)

Wall Street’s enthusiasm for Target Corp. is at its lowest in more than six years, as disappointing earnings from the big-box retailer spur a series of analyst downgrades.

Analysts at Bank of America, Melius Research LLC and Telsey Advisory Group all stepped back from their buy-equivalent calls since the company’s earnings report on Wednesday, flagging issues including the difficult macroeconomic backdrop, an uncertain outlook and exposure to President Donald Trump’s tariff policies.

That’s dragged Target’s consensus rating — a Bloomberg proxy for the ratio of buy, hold and sell recommendations — down to 3.5, the lowest it has been ...