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Why You Should Buy the Dip on Target

TheMotleyFool

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It's been a rough month for retailer Target (NYSE: TGT). The stock has been down almost 40%, primarily due to its recent earnings report. The company is dealing with surging costs related to freight, supply-chain troubles, and increased wages and headcount. The market is volatile right now, so investors are scared and not giving companies the benefit of the doubt.

But this might be shortsighted, and Target's recent decline could be an excellent opportunity for patient investors to buy the dip. Here's why it makes sense.

Image source: Getty Images.

Source Fool.com

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