Market Movers rounded up the best reactions from investors and analysts as Target shares rose after the retailer posted an earnings beat. The pros, including Jim Cramer , discussed the retailer after it reported its first-quarter financial results Wednesday before the opening bell. Target chairman and CEO Brian Cornell said on a call with investors that inventories are down 16%, yet sales barely grew compared to a year ago as consumers dial back on spending. Despite those numbers, Target is maintaining its previous full-year guidance. The stock closed 2.5% higher Wednesday.
Source link: https://www.cnbc.com/2023/05/17/target-shares-rise-after-earnings-beat-how-the-pros-are-playing-it.html