Target Stock Tumbles On Margin Warning Amid Consumer Inflation Bite

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The Street

By Martin Baccardax “We’re confident this rapid response will pay off for our business and our shareholders over time, resulting in improved profitability in the second half of the year and beyond,” said Target CEO Brian Cornell. Updated at 7:19 am EST Target Corp. (TGT) – Get Target Corporation Report shares slumped lower Tuesday after the retailing giant trimmed its near-term margin forecasts as it looks to shift excess inventory while boost prices on some of its goods in order to offset surging fuel and transportation costs. Just weeks after guiding investors to a second quarter operating m…

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