Investors are probably wondering why the retailer hasn't pursued this strategy aggressively years ago. Read More...
Investor’s Business Daily
Target Stock Plummets On Guidance; Kohl’s Spikes On Takeover
Target stock tanked Tuesday morning, triggering a broader landslide among retail stocks, after the retail giant downgraded its second-quarter guidance. Target (TGT) is the most recent large company announcing plans to shore-up operations in the face of worrisome economic conditions. The Minneapolis-based company slashed its Q2 operating margin forecast to 2%, down from 5.3%. After the announcement, Target stock dropped…
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