Target Corporation (NYSE:TGT) shares are trading lower Tuesday amid overall market weakness.
The broader market has been pressured on Tuesday amid a wakened macroeconomic sentiment following concerning Chinese economic data and a warning from Fitch suggesting it may be forced to downgrade additional banks. These have offset strong US retail sales data from premarket Tuesday.
Target is set to report second-quarter earnings on Aug. 16. The company is expected to report earnings of $1.41 per share and revenue of $25.23 billion.
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TGT Price Action: Shares of TGT were down 2.53% at $126.14 at the time of publication, according to Benzinga Pro.
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