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
102,50 €
0,74 %
Mehr Buy- als Sell-Zahlen bei Target Corp. zeigen ein leicht positives Sentiment.
Trotz eines Kursziels von 98 € für Target Corp., das unter 102.5 € liegt, zeigt sich ein Potenzial von -4.39%.
