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Target Stock Fell 5.7% after First-Quarter Earnings Miss

Adrian Stevens
Target Stock Fell 5.7% after First-Quarter Earnings Miss

Target (TGT) reported healthy fiscal first-quarter results for the period ending on May 5. Target’s digital push, exclusive product launches, and store remodeling are driving the company’s traffic and sales. Despite numerous positives and continued strength in its digital business, Target stock fell 5.7% and closed at $71.17 on May 23.