WMT - Target Corporation: Improvements In Performance Will Be Difficult
2024-05-10 03:28:50 ET
Summary
- Target has outperformed the S&P 500 with a 15% surge in stock price YTD.
- While TGT management has outlined their focus on growing revenue and operating margin, there is uncertainty in the success of these plans.
- Possible headwinds in the short term may lead to continued pressure on Target's top line and thinner margins.
- If improvements in operating margins are realized, the Company would increase their ROIC and their stock valuation.
- Until significant progress is achieved to improve operating margin, my rating on Target is a "Hold".
Editor's note: Seeking Alpha is proud to welcome Ling Ya Luo as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more »
...
Target Corporation: Improvements In Performance Will Be Difficult