Both (WMT) (WMT) and Target (TGT) delivered fantastic second-quarter earnings reports this week, and Barron’s had noted ahead of the reports that Target was most likely to get a big boost from its results. Cowen & Co. analyst Oliver Chen, who called out Target’s potential to break out last week, wrote that the company’s “terrific growth and agile execution [drove] unprecedented upside” in the quarter He said he is optimistic about the company’s ability to attract and retain new customers while “successfully blending stores and digital inventory and delivery execution.” The key difference between Target and Walmart’s quarters was the pace of recent sales. Read More...
Both (WMT) (WMT) and Target (TGT) delivered fantastic second-quarter earnings reports this week, and Barron’s had noted ahead of the reports that Target was most likely to get a big boost from its results. Cowen & Co. analyst Oliver Chen, who called out Target’s potential to break out last week, wrote that the company’s “terrific growth and agile execution [drove] unprecedented upside” in the quarter He said he is optimistic about the company’s ability to attract and retain new customers while “successfully blending stores and digital inventory and delivery execution.” The key difference between Target and Walmart’s quarters was the pace of recent sales.
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