3 Reasons Target Is a Buy

As the coronavirus outbreak spread throughout the U.S., shoppers flocked to Target (NYSE: TGT) to stock up on essentials. That sounds good, but at the same time, they bought fewer high-margin items too. Target said that will weigh on the company's profits for the recent quarter.

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Still, I won't be discouraged by weakness when Target reports first-quarter earnings on May 20.