Target stock surges after earnings overshoot. That’s how the pros play

https://www.cnbc.com/2023/05/17/target-shares-rise-after-earnings-beat-how-the-pros-are-playing-it.html Target stock surges after earnings overshoot. That’s how the pros play
Market Movers rounded up the best reactions from investors and analysts as Target shares rose after the retailer posted a surge in earnings. The pros, including Jim Cramer, discussed the retailer after it announced its financial results for the first quarter before the opening bell on Wednesday. Brian Cornell, Target’s chairman and CEO, said in a call to investors that inventories were down 16%, but sales were barely up year over year as consumers scaled back spending. Despite those numbers, Target is sticking to its previous guidance for the full year. The stock closed 2.5% higher on Wednesday.
https://www.cnbc.com/2023/05/17/target-shares-rise-after-earnings-beat-how-the-pros-are-playing-it.html Target stock surges after earnings overshoot. That’s how the pros play