Market Movers Analyze Target’s Second-Quarter Results

Market Movers has compiled the top reactions from investors and analysts regarding Target’s performance. Experts, including Jim Cramer, discussed the retailer’s financial results for the second quarter. While Target managed to exceed analysts’ earnings expectations, its sales fell short. The company also revised its full-year sales and profit guidance in an attempt to appeal to more budget-conscious customers. Target also attributed its lower earnings to negative feedback towards its Pride merchandise and widespread theft during the quarter. Although Target’s stock had reached a 52-week low on Tuesday, it experienced a significant surge during premarket trading on Wednesday and ultimately closed with a nearly 3% gain.