Target Stock Plunges: Should You Buy the Dip or Run for Cover?

Back in its second-quarter earnings report in August, Target (TGT 2.81%) gave investors hope that it was finally turning the corner.Since the pandemic began to wind down, the retailer has struggled with inflation, weak consumer discretionary spending, and an increase in theft. However, Target's shares plunged on Wednesday after its latest update indicated that the recovery trend didn't last, and the company is still struggling on both sides of the income statement.Comparable sales rose 0.3% in the quarter a ...