Target stock surges after better-than-expected profits and a budget-friendly holiday plan

Star Tribune

Target’s stock had its best day in more than four years, leading the S&P 500 index, after reporting better-than-expected profits for the fall months and a holiday plan that takes into account consumers’ tightened spending.

“While not great … it was not worse than expected,” said Joe Feldman, a senior research analyst for the Telsey Advisory Group. “If anything, it was a little bit better than what the Street was thinking.”

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