
Minnesota Manufacturing Awards: Minnetronix Medical partners with startups to bring innovative medical devices to market
The Minneapolis/St. Paul Business Journal is seeking nominations for our 29th annual Fast 50 awards, recognizing the Twin Cities fastest-growing private companies.

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Yahoo
10 hours ago
- Yahoo
Earnings Preview: What To Expect From Target's Report
Minneapolis, Minnesota-based Target Corporation (TGT) operates as a general merchandise retailer, offering apparel, accessories, pet supplies, food and beverage products, appliances, home decor, and more. Valued at nearly $48.4 billion by market cap, Target operates as one of the largest discount retailers in the U.S. The retailer is expected to announce its second-quarter results on Wednesday, Aug. 20. Ahead of the event, analysts expect TGT to report an adjusted EPS of $2.08, down a significant 19.1% from $2.57 reported in the year-ago quarter. While the company has missed the Street's bottom-line estimates twice over the past four quarters, it surpassed the projections on two other occasions. More News from Barchart Dear Microsoft Stock Fans, Mark Your Calendars for July 30 Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full fiscal 2025, Target's EPS is expected to come in at $7.55, down 14.8% from $8.86 reported in fiscal 2024. However, in fiscal 2026, its earnings are expected to rebound nearly 8% year-over-year to $8.15 per share. TGT stock prices have plummeted 28.5% over the past 52 weeks, significantly underperforming the S&P 500 Index's ($SPX) 14.5% gains and the Consumer Staples Select Sector SPDR Fund's (XLP) 4.9% uptick during the same time frame. Target's stock prices dropped 5.2% in a single trading session after the release of its Q1 results on May 21. The company's performance remained underwhelming during the quarter; its comparable sales dropped 3.8% year-over-year. This led to a 2.8% decline in overall net sales to $23.8 billion, falling short of Street expectations. Further, its adjusted EPS plunged 35.9% year-over-year to $1.30, missing the consensus estimates by 19.8%. The company expects its full-year sales to remain under pressure due to the challenging macro environment. Observing the trend, the company reduced its full-year topline guidance from previous expectations of a positive 1% growth to a low-single-digit drop, which unsettled investor confidence. The consensus view on TGT remains neutral, with a 'Hold' rating overall. Of the 33 analysts covering the stock, opinions include eight 'Strong Buys,' three 'Moderate Buys,' 19 'Holds,' and three 'Strong Sells.' As of writing, the stock is trading marginally above its mean price target of $107.16. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data


Washington Post
18 hours ago
- Washington Post
Mike Lindell celebrates victory after appeals court voids $5M award in election data dispute
MINNEAPOLIS — A federal appeals court handed a victory Wednesday to Mike Lindell, ruling that the MyPillow founder doesn't have to pay a $5 million award to a software engineer who disputed data that Lindell claims proves that China interfered in the 2020 U.S. presidential election. The 8th Circuit Court of Appeals ruled that an arbitration panel overstepped its authority in 2023 when it awarded $5 million to the engineer, Robert Zeidman, of Las Vegas, who took Lindell up on his 'Prove Mike Wrong Challenge.'


New York Post
a day ago
- New York Post
Target drops popular perk for shoppers after more than a decade
Advertisement Target is dropping its price-matching policy with rivals Walmart and Amazon after more than a decade as the company aims to reposition itself amid slowing sales and competitive pressure. Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the store or online within 14-days of a purchase, but the policy will no longer apply to its rivals. The company said the decision was driven by the fact that its 'guests overwhelmingly price match Target and not other retailers.' 'Target's Price Match Guarantee, paired with our commitment to being priced right daily, ensures guests get great prices when shopping Target,' the company said. Advertisement 5 Under its new Price Match Guarantee policy, taking effect July 28, customers of the Minneapolis-based retail giant will be able to price match other Target products in the store or online. AP 5 This policy applies to products in the store or online within 14-days of a purchase, but the policy will no longer apply to its rivals. Christopher Sadowski Target rolled out its very first price match policy, called the Low Price Promise, in 2009. Advertisement If a customer found a lower price at another brick-and-mortar store, the company matched it. Eventually, the company expanded this policy, matching prices from certain online retailers including and during the holiday season. 5 The company said the decision was driven by the fact that its 'guests overwhelmingly price match Target and not other retailers.' Christopher Sadowski 5 Target rolled out its very first price match policy, called the Low Price Promise, in 2009. Helayne Seidman Advertisement In 2013, the company began price matching top online retailers year-round, which then-CEO Gregg Steinhafel said that the move effectively made the company an 'unbeatable value' compared to its competitors in the highly competitive sector. The recent change, however, comes as CEO Brian Cornell works to turn around the company, which has been trying to drum up traffic and return to growth in back-to-back quarters. However, Cornell characterized the environment over the past few months in particular as 'highly challenging.' Target missed Wall Street expectations and cut its guidance for the year during its latest earnings call in May as it contends with tariff uncertainty, declining consumer confidence and backlash over its rollback of its diversity, equity and inclusion (DEI) efforts. 5 The recent change, however, comes as CEO Brian Cornell works to turn around the company, which has been trying to drum up traffic and return to growth in back-to-back quarters. REUTERS To try and get back to long-term profitable growth, the company developed a new multi-year growth initiative, called Enterprise Acceleration Office, and made changes to its executive suite. The Enterprise Acceleration Office initiative, led by Target Chief Operating Officer Michael Fiddelke, will specifically help the company operate more nimbly, 'creating conditions for speed, adaptability, innovation and resilience,' Cornell said. Target said in its latest earnings that it expects a low-single digit decline in sales for fiscal 2025, down from its previous forecast of net sales growth of about 1%.