Jim Cramer Is Focused on These 15 Stocks This Week

8. Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) is set to report its third-quarter earnings on November 20. Ahead of the report, Cramer said:

“Target intrigues at $152, that’s down big from $188, almost 3% yield. People are so worried about tariffs that you might want to wait and see with this one.”

Target (NYSE:TGT) is a general merchandise retailer in the U.S. offering a wide range of products, including apparel, beauty and personal care, groceries, electronics, home goods, and seasonal items. For the third quarter, it has forecasted a modest increase in comparable sales, expecting a growth range of 0 to 2%. In terms of earnings, the company anticipates GAAP and adjusted EPS to fall between $2.10 and $2.40.

Although the overall sales outlook for the year remains in line with earlier expectations, the company anticipates that the increase in comparable sales will likely come in at the lower end of its projected range. Despite this, strong performance during the first half of the year prompted the company to raise its full-year EPS guidance. The company expects full-year GAAP and adjusted EPS to be between $9.00 and $9.70, up from a previous range of $8.60 to $9.60.

On November 14, Evercore ISI analyst Greg Melich issued a negative tactical outlook on Target (NYSE:TGT) ahead of its earnings report on November 20, anticipating a potential decline in the stock to $140. As a result, the firm added the stock to its “Tactical Underperform” list.

Evercore expects a slowdown in Q3 sales trends, leading to an estimated Q3 EPS of $2.28, slightly below the consensus estimate of $2.30. While these figures are still within the upper range of the company’s guidance provided in August, the analyst expressed concerns that the decelerating comparable sales growth could continue into the fourth quarter. Evercore currently maintained an In Line rating on the stock, with a price target of $165.