Earnings Beat Send Target Stock Toward New Highs
Target(TGT) Benzinga·2024-08-24 02:15
Worries had hit shares of Target Co. TGT as rising crime waves in some states where the brand has the most square footage, like California, created a headwind for future earnings. However, these fears seem to have been put to bed as the company released its second quarter 2024 earnings results, sending the stock higher by up to 14% in a single day on a positive reaction to the numbers. In addition to this financial momentum, investors can be sure that the macro picture is also working for consumer staples s ...