Target: Q3, Promotional Environment Weighs On Earnings
Target(TGT) Seeking Alpha·2024-11-21 22:00
Shares in Target (NYSE: TGT ) dropped to a new 52-week low on Wednesday after badly missing Q3 expectations. The sour sentiment contrasts sharply with discount retailers, such as Walmart ( WMT ) and Costco ( COST ), bothAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...