Why Target Shares Popped Today
Target (NYSE: TGT) reported another stellar quarterly earnings report, topping estimates on the top and bottom lines and raising its full-year guidance. The results indicate that the company is continuing to grab market share from struggling department stores and mall-based chains and through initiatives in e-commerce and private brands.
As a result, the stock was flying higher this morning and reached a new all-time high. The stock was up 12.4% as of 11:33 a.m. EST.
Image source: Target.
Source Fool.com
