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What's Going On With Target Stock?
Target Corp (NYSE:TGT) shares are trading lower. The company on Monday announced that it’s lowering prices on frequently shopped items just days ahead of earnings. Here’s what you need to know.
What To Know: Target said it will lower everyday regular prices on approximately 5,000 frequently shopped products. The retailer noted that it already reduced prices on about 1,500 items and plans to cut prices across thousands of other products over the course of the summer.
Price cuts will impact several everyday items like milk, meat, bread, soda, fresh fruit and vegetables, snacks, yogurt, peanut butter, coffee, diapers, paper towels, pet food and more.
“We know consumers are feeling pressured to make the most of their budget, and Target is here to help them save more,” ...