Target (TGT) is a general goods retailer in the United States. It sells a variety of products, including food, apparel, furniture, office supplies, and toys. Target reported outstanding third-quarter earnings on November 17, with both the top and bottom lines of the firm continuing to improve. Revenues grew by 13.3% year-over-year, while adjusted profits per share improved by 8.6%. The quarter saw the great performance in both the physical and digital platforms. To top it off, Target upped its holiday sales projection, citing early Christmas buying by Americans as a factor. Despite strong earnings and bullish forecasts, the stock has lost around 5% of its value, closing at $253.
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Target (NYSE:TGT)
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Target (NYSE:TGT)
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