Target has a High Bar to Meet on Thursday
The over 60% stock price increase so far this year is one sure sign that investors are expecting good news from Target (NYSE: TGT) when it posts its third-quarter results and updates its predictions for the holiday shopping period ahead. That bar was raised even higher when peer Walmart (NYSE: WMT) recently announced strong operating metrics in its core U.S. segment.
The leading retailer's growth is coming from some of the same areas that Target has identified as critical to its success. However, there's no reason why both companies can't achieve market-beating growth to close out 2019. Let's take a look at what might constitute a positive earnings report from Target when it announces results on Wednesday, Nov. 20.
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Source Fool.com
