Tuesday, November 19, 2024
HomeFinanceTarget’s ‘pivot to growth’ is coming, says D.A. Davidson

Target’s ‘pivot to growth’ is coming, says D.A. Davidson

Target Corp. is well positioned for growth in its second-quarter as the retail giant gets past the challenges of recent years, such as the 2023 controversy over Pride-themed products, according to analyst firm D.A. Davidson.

The discount retailer’s shares soared following the company’s fourth-quarter results to end Tuesday’s session up 12%. The stock is up 3.3% Wednesday.

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