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. Stock
€101.25
-0.790%
Currently there is a rather positive sentiment for Target Corp. with 27 Buy predictions and 11 Sell predictions.
On the other hand, the target price of 98 € is below the current price of 101.25 € for Target Corp., so the potential is actually -3.21%.
