Target Stock a Bullseye for Investors, Money Manager Navellier Says

Target  (TGT) – Get Target Corporation Report represents a strong buying opportunity after its recent decline, said Louis Navellier, founder of money manager Navellier & Associates.

He was impressed with the giant Minneapolis retailer’s third-quarter earnings released last month, Barron’s reports. 

Target posted adjusted profit of $3.03 a share, up 8.6% from a year earlier and beating Wall Street’s consensus forecast of $2.83 a share.

Revenue totaled $25.65 billion, up 13% from a year earlier and beating analysts’ expectations of $24.78 billion.

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