Target Stock Looks Cheap but It May Be a Bargain Today for a Much Better Reason
Target's stock has dropped to cheap levels because of slumping sales and worries over higher costs. Investors could be under-appreciating this one opportunity that's already boosting profits for Target's top peers in the retail space. Well-know retailer Target (NYSE: TGT) trades at just 11 times its earnings, which is about 60% cheaper than the S&P 500, which trades at about 28 times earnings, according to YCharts.
Motley Fool
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56 minutes ago
