Can Target Take on Amazon? 1 Analyst Says Yes

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

2017 has not been kind to investors in Target (NYSE: TGT). Even counting a small surge after reporting Q2 earnings on Wednesday, Target stock is still down 22% since the year began. Clearly, investors aren't optimistic about the company's chances of competing with Amazon.com (NASDAQ: AMZN) as the latter continues to disrupt the retail industry -- and moves into brick-and-mortar retailing.

Make that some investors. As it turns out, up on Wall Street some other investors are starting to warm up to Target stock. Here are three things you need to know about that.

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Source: Fool.com