I've Been Wrong About Target's Stock for 5 Months. Here's Why I'm Finally Changing My Mind.
The retail giant's turnaround efforts are finally bearing fruit.
Overview
Five months ago, I predicted that Target's (NYSE: TGT) stock would stay flat for the rest of the year. At the time, I claimed the retailer's cooling comparable sales growth, shrinking margins, and CEO change would drive away the bulls.
However, Target's stock has risen 24% since then. Let's see what I got wrong about Target -- and why it might be worth buying again as a long-term investment.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.