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Why Target Plunged Today

TheMotleyFool 
0 0 20.08.25
Why Target Plunged TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/add1012b-1b24-4eb2-aba0-77ab52c7f8ad.png
 

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.

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Source Fool.com

Target Corp. Stock

€129.40
0.310%
The Target Corp. stock is trending slightly upwards today, with an increase of €0.40 (0.310%) compared to yesterday's price.
Currently there is a rather positive sentiment for Target Corp. with 34 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 129.4 € for Target Corp., so the potential is actually -8.04%.
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