Target shares drop 7% despite strong Q1 beat and raised sales forecast, signaling cautious investor sentiment.

Target's merchandising reset boosts shopper traffic, prompting Jefferies to raise Q2 sales and EPS forecasts.

Target Corp's broad merchandising overhaul, including expanded wellness, beauty, home decor, and food sections, is driving increased shopper traffic. Jefferies raised its Q2 comparable sales estimate to 1.6% and EPS forecast to $2.18, citing early si...