Why Target Stock Was Up Today
Shares of Target (NYSE: TGT) were moving higher today after the big-box retailer reported mixed results in its earnings report, but it was enough to give the stock a boost as low expectations were already baked in.
As of 10:05 a.m. ET, Target stock was up 5.2%.
In an environment where consumer spending has shifted from goods to services, and sales of discretionary goods have fallen, Target managed to top profit estimates but sales were weak.
Source Fool.com
Target Corp. Stock
€125.40
-1.120%
Currently there is a rather positive sentiment for Target Corp. with 33 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 125.4 € for Target Corp., so the potential is actually -5.1%.
