Market Movers rounded up the best reactions from investors and analysts on Target . The pros, including Jim Cramer , talked about the retailer’s mixed second-quarter financial results . Target’s earnings beat analysts’ expectations, but sales fell short. The company also cut its full-year sales and profit guidance as it tries to win over more cost-conscious customers. The retailer also shared that backlash toward its Pride merchandise, as well as nationwide theft during the quarter, hurt its bottom line. Target shares had touched a 52-week low Tuesday. The stock surged during premarket trading Wednesday and ended the session with a nearly 3% gain.
Source: www.cnbc.com