Target: 3 Reasons to Buy, 3 Reasons to Sell

Shares of Target (NYSE: TGT) shares have fallen 20% this year due to the retailer's sluggish sales growth, tough competition from e-commerce rivals, and concerns about its turnaround plans. But Target still looks intriguing at its current price, so let's take a moment to examine three reasons to buy and three reasons to sell the stock.

First, Target is very cheap relative to its industry peers. It trades at just 12 times trailing earnings, which is much lower than the industry average of 19 for discount stores. Its forward P/E of 13, while indicative of a future decline in earnings, also looks cheap.

Source: Target.

Source: Fool.com