Although big-box retailer Target (TGT) may seemingly present a cheapened opportunity for discount divers, the overriding reality is that the consumer economy faces many challenges. Therefore, investors ought to be very careful before engaging Target or any other consumer-dependent company. I am, for the time being, bearish on TGT stock. During the initial outbreak of the COVID-19 pandemic, analysts naturally had pessimistic views regarding economic viability. In April 2020, retail spending in the U.S. suffered a historic collapse, plunging a record 16.4%.  However, the retail sector enjoyed a surprising comeback.
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Target (NYSE:TGT)
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Target (NYSE:TGT)
Historical Stock Chart
Von Sep 2021 bis Sep 2022 Click Here for more Target Charts.