Why I Just Bought This Underperforming Dividend King
Like most investors, I like buying stocks that are winners. But sometimes appearances can be deceiving. A stock that has skyrocketed can end up being a loser over the long run. A stock that has plummeted can turn around and deliver huge long-term gains.
I think (NYSE: TGT) is an example of a winner in the latter category. Here's why I just bought this underperforming Dividend King.
Target's share price has fallen 16% over the last 12 months. That's especially dismal considering that the S 500 has soared 20% higher during this period.
Source Fool.com
Target Corp. Stock
€137.36
0.380%
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
As a result the target price of 170 € shows a positive potential of 23.76% compared to the current price of 137.36 € for Target Corp..
