The word got out on friday about the Barrons article. The stock was tracking the S&P all day and then the market rallied (to only down 20 or so)then heavey selling came in on Target. I do not think people can get Barrons online early, please tell me if I am wrong. So just like the old days, the word gets out early and the crooks make a fortune. It did seem that the article was just a hashing of old news. Just my opinion.
TGT wasn't tracking the S&P Friday but I agree that the news of the Barron's article got out before the market opened. The online version isn't available until Sat. Yes, it is a rehash of old news but in this market any negativity causes a plunge.
All you have to do is look at the three company's PE's and you can see their premise is priced into TGT's stock and then some. Another case of Barron's leaking a story on Friday.
Stuck in the Middle Target has thrived in recent years despite competition from powerful Wal-Mart. There's now concern on Wall Street, however, that Target's profit growth may slow due to increased pressure from Wal-Mart and fast-growing Kohl's.