Stock Market Selloff: Is Target a Buy?
Target (NYSE: TGT) continues to face inventory problems that have led it to engage in significant markdowns, which in turn have pressured margins and sent its stock tumbling 37% in 2022. The retailer is still struggling to keep its shelves stocked with items consumers are interested in buying.
Management maintains the worst is behind it and that it's actually in a better position than it was previously. But it's going to need to see that Christmas gave it a big boost in the fourth quarter if it wants to show improvement from recent earnings reports -- and it's looking like this may not materialize.
So it's a good time for investors to consider whether they should move in now or wait for even better opportunities.
Source Fool.com
