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Posted 9/18/2023, 9:55:00 PM

Target Struggles to Recover as Sales Slump and Customers Flee to Discounters

Target stock price has tumbled recently and can't seem to recover
Shares are down over 30% this year amid inventory issues and slowing sales
Retailer cut forecasts again after weak second quarter results
Customers trading down to discount rivals like Walmart during inflation
Target facing tough holiday season as consumers curb spending

barrons.com

Relevant topic timeline:

8/25/2023

Disney stock crash as DIS shares hit lowest closing price in 9 years

The shares of Walt Disney continue to decline due to recent controversies and a decline in subscribers, but analysts still believe the stock price can recover with a target price of $110.71.

8/31/2023

Down Between 5% and 26% in 6 Months, 3 No-Brainer Blue Chip Dividend Stocks to Buy Now

Consumer-facing companies like Starbucks, Nike, and Target have experienced declines in their stock prices despite the overall gains in the market, but each company has unique strategies in place that make them worth considering as investments.

9/8/2023

Target-Date Funds Turn Retirees into Unwitting Contrarians

Target-date funds, which automatically decrease equity allocations as retirement approaches, are turning retirees into contrarians by selling stocks as the market rises and buying when it falls, according to a study by MIT and Brandeis University. The study also found that the growing popularity of target-date funds has made the stock market less volatile.

9/18/2023

Target Stock Hammered by Souring Consumer Sentiment and Excess Inventory

Target stock is experiencing a continuous decline, unable to find any relief.

9/21/2023

Target Stock Upgraded as Margin Pressures Ease

Target's stock has the potential to increase as margins are starting to recover after facing challenges such as shoplifting and consumer backlash over Pride Month merchandising.

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