Target cancels in-person investor day in New York City due to coronavirus

• Target had planned to have an analyst and investor meeting Tuesday in midtown Manhattan.
• The Minneapolis-based retailer will have a webcast instead to present fourth-quarter results and answer analysts' questions.
• In an email, a company spokeswoman attributed the change to "the rapidly evolving situation regarding the coronavirus."

A cashier places a bag of items in a customer's shopping cart at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019.

Daniel Acker | Bloomberg | Getty Images

Target has canceled its in-person analyst and investor meeting in New York City amid concerns about the coronavirus outbreak.

Instead of holding the Tuesday meeting, a company spokeswoman said executives will discuss fiscal fourth-quarter results and answer analysts' questions by webcast.

related investing news

KeyBanc downgrades Target, says resumption of student loan payments will hit margins

Brian Evans

12 hours ago

The Minneapolis-based retailer's meeting had been scheduled for Tuesday morning in midtown Manhattan. Target CEO Brian Cornell, Chief Operating Officer John Mulligan and Chief Financial Officer Michael Fiddelke, had all planned to attend and deliver presentations.

In an email, a company spokeswoman attributed the change to "the rapidly evolving situation regarding the coronavirus."

Target is scheduled to report its earnings before the bell Tuesday. Its analyst call will begin at 9 a.m. EST.