We'll get an update on trade, Aramco is set to price its IPO, and a bunch of retail names will report earnings.
. The retailer did, however, beat earnings per share expectations, and same-store sales came in at 3.2%, which was also ahead of estimates.
Target reports on Wednesday before the market opens and according to estimates from FactSet analysts are expecting the company to earn $1.19 on $18.44 billion in revenue. The revenue estimate is 3.5% higher than the $17.82 billion the companyKeyBanc analyst Edward Yruma said that he's expecting a "sequential slowdown" from last quarter's earnings per share of $1.82, due to "higher supply chain costs and a pull-forward of inventory receipts." His $1.
He has an overweight rating on the stock since he believes it is "uniquely positioned to capture share from store closures in the mid-tier department." His $130 target on the stock implies 15% upside ahead.5 p.m. Fed's Mary Daly
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