Target’s fiscal second-quarter report drops Wednesday, and Wall Street is watching closely as the retailer tries to prove its turnaround is real. After a 55% stock surge this year, investors are still cautious — but there’s reason for optimism: same-store sales jumped 5.6%, the first positive gain in a while, and the company raised its full-year revenue forecast. Baby and kids sections are booming after years of flat performance. Analysts expect $2.33 EPS and $26.14B in revenue. The big question? Can Target’s merchandising tweaks translate into lasting growth?
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