Target Earnings: What to Look For
Target (NYSE: TGT) shares recently crossed back into positive territory for the year after falling by 30% during the market's slump in March. That rebound rally reflects surging investor optimism that the retailer can thrive through the COVID-19 pandemic as more shopping demand moves online.
Target provided some evidence of that success in its first-quarter report in May, but expectations are even higher for its second-quarter announcement, set for Wednesday, Aug. 19. Let's see why investors are so optimistic heading into these results.
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Source Fool.com
