Target’s stock reverses lower as tariff talk overshadows upbeat profit outlook

Shares of Target Corp. sank toward a 16-month low in early Tuesday trading, reversing an initial earnings bounce, after the discount retailer’s warning that tariffs would hurt earnings seemed to spook investors.

Target’s

TGT tariff talk overshadowed a surprisingly upbeat full-year profit outlook, which contrasted with disappointing guidance provided by other retailers, including rival Walmart Inc. WMT. And target also reported fiscal fourth-quarter results that beat expectations.