Why Target Is an Analyst's 'Top Pick' After Its Stock Plunged

Key TakeawaysOppenheimer analysts on Monday again made Target a "top pick" despite the company's stock plunging after its earnings last week.The research firm said Target's stock appears to be "at/near a bottom" and is positioned to grow in the long term.Target's comparable digital sales were a bright spot in its earnings last week, growing more than 10% while same-store sales declined. Target (TGT) shares jumped Monday after analysts at Oppenheimer named the stock a “top pick” a week after the retailer’s d ...