Why Target Stock Lost 12% in November
Shares of Target (NYSE: TGT) were sliding last month, as a broader recovery in the stock market wasn't enough to overcome another disappointing earnings report from the retail giant.
Target missed estimates on the top and bottom lines and cut its guidance. It's still struggling with weak consumer discretionary spending and challenges with inventory management.
According to data from S&P Global Market Intelligence, the stock finished the month down 12%. Target was trading similarly to the S 500 for most of the month before plunging on its earnings report.
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%.
