Target Misses the Mark: Shares Pulling Back to the Buy Zone

Key PointsTarget struggled in Q1 with revenue contracting versus gains for its largest competitor.Guidance is tepid and has the market resetting its outlook for the stock price.Analysts are on board with the turnaround but may cap stock gains for the foreseeable future with lowered price targets.5 stocks we like better than TargetTarget’s NYSE: TGT Q1 results highlight the growing bifurcation in retail. Its results include contracting revenue driven by weakened discretionary spending and loss of market shar ...