Why Target Stock Lost 12% in November
Target(TGT) The Motley Fool·2024-12-04 09:33
Shares of Target (TGT 0.56%) were sliding last month, as a broader recovery in the stock market wasn't enough to overcome another disappointing earnings report from the retail giant.Target missed estimates on the top and bottom lines and cut its guidance. It's still struggling with weak consumer discretionary spending and challenges with inventory management.According to data from S&P Global Market Intelligence, the stock finished the month down 12%. Target was trading similarly to the S&P 500 for most of t ...