Target stock could stay in the penalty box as the retailer aggressively sells slow-moving inventory and industry discounting picks up amid the economic slowdown, Jefferies analyst Stephanie Wissink warns. Wissink, citing “profit warnings from peers & suppliers and pressure on discretionary wallets,” slashed her EPS estimates on Target for the balance of 2022 and 2023 in a new note on Monday. “The cut to our model appears drastic at face value, fully discounting Target’s ability to bounce back… Source link
Read More »An Australia With No Google? The Bitter Fight Behind a Drastic Threat
SYDNEY, Australia — In a major escalation, Google threatened on Friday to make its search engine unavailable in Australia if the government approved legislation that would force tech companies to pay for journalism shared on their platforms. Facebook, which appeared with Google at an Australian Senate hearing, reaffirmed a threat of its own, vowing to block users in Australia from posting or sharing links to news if the bill passed. In both cases, the dire warnings — which one senator… Source link
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