Target Shares Plunge on Earnings Miss
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Target's shares have dropped following an earnings miss, with the company reporting sluggish spending in categories such as apparel, TVs, and home goods.
November 20, 2024 | 12:00 pm
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Target's shares have declined due to an earnings miss, with the company citing weak consumer spending in key categories like apparel, TVs, and home goods.
The earnings miss directly impacts Target's stock price negatively as it indicates weaker than expected financial performance. The specific mention of sluggish spending in key product categories suggests potential revenue challenges, contributing to the stock's decline.
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