Higher Highs Ahead for This Retailer
07/12/2012 9:00 am EST
The staff at TraderPlanet.com have painted a big bullseye on this discounter, which has reached its loftiest levels in more than 18 months.
TrendSpotter has been long since May 25 at $57.26. In recent news on the stock, Target management on July 5 said that the company was on track to deliver second-quarter sales and adjusted EPS in line with previous guidance.
Target on June 13 raised its quarterly dividend to 36 cents from 30 cents per share. Target, with a market cap of $38 billion, operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.
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