At Extreme Investor Network, we strive to provide our readers with unique and valuable insights into the world of investing. Today, we want to discuss the potential impact of former President Donald Trump returning to the White House and imposing more tariffs on imported goods. According to Wells Fargo researchers, a host of retailers could face higher costs and lower sales if these tariffs come into effect.
Analyst Ike Boruchow and the bank’s consumer team have identified four retailers that are particularly at risk of being adversely affected by these proposed tariffs. One of these retailers is Five Below, a value-focused company that has already seen its shares plummet by 59% in 2024. Despite this challenging year, Wall Street analysts expect a potential rebound for Five Below, with the consensus price target implying a 20% increase in the company’s shares.
Another retailer under watch is Target, which has also underperformed the market this year, with shares rising by only 6%. However, analysts remain bullish on Target’s prospects, with the average price target suggesting an 18% increase in the stock over the next year.
Even retail giant Walmart could feel the impact of higher tariffs, despite having a stellar year with shares jumping by 57%. Analysts foresee only a modest 2.5% upside for Walmart in the coming year, but the majority of analysts still maintain buy ratings on the company.
As investors, it is important to stay informed about potential risks and opportunities in the market. At Extreme Investor Network, we are dedicated to providing you with the latest insights and analysis to help you make informed investment decisions. Stay tuned for more updates and expert commentary on investing trends.