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Why Target Stock Gained 16% in July

·2-min read

Shares of Target (NYSE: TGT) stock gained 16% in July according to data provided by S&P Global Market Intelligence. Target was flying high throughout the pandemic, posting some of its best performance ever. Comps increased 3% over last year in the 2022 first quarter, but earnings per share declined from $4.20 last year to $2.17 this year.