Target Stock Is Down 13% This Year. Time to Buy?
Big-box retailer (NYSE: TGT) gave investors some fresh numbers to chew on Wednesday morning when the company reported its second-quarter results. Based on the stock's move higher following the earnings reports, the market seems impressed.
Shares, however, are still down about 13% this year. This begs the question: Is now a good time to buy?
Despite the market's upbeat reaction to the report, shares of Target should arguably be avoided at this price. Let's take a look at what Target reported in its quarterly update and why the stock isn't a compelling buying opportunity.
Source Fool.com
Target Corp. Aktie
131,80 €
1,76 %
Die Community zeigt großes Interesse an Target Corp. mit vielen Buy- und wenigen Sell-Einschätzungen.
Mit einem Kursziel von 170 € für Target Corp. könnte der aktuelle Kurs von 131.8 € um mehr als 20% steigen.
