Oct. 25 at 8:37 AM
$TGT
(Not financial advise, always do your own reseacrh!)
Target is one of the biggest US retail stores and he is competing with real hard and tough opponents like
$WMT $COST and
$AMZN .
Target nowadays is having issues with the cashflow and the earnings combined with a growth of debt. Some reports show negative income, which means that TGT is suffering. They fired 1000 employees and 800 new job offers, a total of 1800 jobs, to improve their objectives and goals and try to have better results in the next months. We can aswell see how the sales went down over the past two years. Also, the dividends grew over time. Nevertheless, TGT had strong fundamentals in the long term.
If we use technical analysis, we see that the price fell from the ATH, creating a bearish lateral channel. The price now is reacting to a support zone combined with the big bullish trendline. Patience and observation for now.
It's really important to keep checking the reports and the news.
Hope they can improve!
