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. Aktie
130,64 €
0,86 %
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