Why Target Plunged Today
Shares of retail giant (NYSE: TGT) are falling on Wednesday, down 8.1% as of 10:30 a.m. ET.
Target reported second-quarter earnings this morning that actually came in ahead of expectations. However, the retailer continued to show revenue and profit declines.
Perhaps of larger importance, CEO Brian Cornell announced his retirement, and the company is promoting Chief Operating Officer Michael Fiddelke to the CEO role. Investors apparently didn't love the news, perhaps anticipating it will lead to more of the same direction for the struggling retailer.
Source Fool.com
Target Corp. Aktie
127,60 €
-0,62 %
Leichtes Buy-Übergewicht bei der Target Corp. Aktie mit 33 zu 12 Einschätzungen.
Das niedrigere Kursziel von 119 € im Vergleich zum aktuellen Kurs von 127.6 € für Target Corp. führt zu einem negativen Potenzial von -6.74%.
