Barclays downgraded its rating on Target Corp's (TGT) shares to 'Underweight' from 'Equal Weight' on Monday, sending the stock down 1.7%. The research firm stated that the big-box retailer could struggle to grow sales amid intense competitive pressure without a significant overhaul.

As part of a plan to open 300 new locations over a decade, Target is launching 20 stores this year while investing in supply chain and new initiatives.

Target Corporation (NYSE:TGT)’s stock has dropped from the highs it reached during the pandemic, following a slowdown and eventual decline in its sales growth.

This was the stock's second consecutive day of losses.

Target Corp. doesn't mandate its employees to work remotely or in person; rather, individual leaders make the decision based on what's best for their team.

TARGET CORPORATION. Reconciliation of Non-GAAP Financial Measures. To provide additional transparency, we disclose non-GAAP adjusted diluted earnings per share (Adjusted EPS).