Why Target Stock Declined Today
Shares of Target (NYSE: TGT) backtracked on Wednesday after the discount retailer issued a cautious outlook for the remainder of the year.
Image source: Target.
Target is stuck between a rock and a hard place. The retail chain's prices are often a bit higher than those of warehouse club leader Costco and discount giant . Yet Target's wares haven't resonated as well with high-income shoppers as those of some luxury destinations.
Source Fool.com
Target Corp. Stock
€125.40
-1.120%
Our community is currently high on Target Corp. with 33 Buy predictions and 12 Sell predictions.
However, we have a potential of -5.1% for Target Corp. as the target price of 119 € is below the current price of 125.4 €.
