Target Q2: Better Than Feared, But CEO Transition Weighs On Sentiment

Target (NYSE: TGT ) stock looks cheap, with sentiment weighed down by weak but improving comp sales and store traffic, margin pressure, and skepticism around the CEO transition. Yet, the company is investing in digital channel growth, higher margin non-merchandise sales, and a food and beverage Analyst's Disclosure:I/we have a beneficial long position in the shares of TGT, COST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am ...