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Why Target (TGT) is a Buy Here

Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Target (TGT).

This upscale discount retailer is finally getting back on "target". The company recently delivered solid second quarter results, driven by positive same-store sales growth and expanding profit margins. Management also increased its full year guidance, prompting analysts to revise their estimates higher for both 2015 and 2016, sending the stock to a Zacks Rank #2 (Buy). Target also pays a dividend that yields 2.9% while trading at a reasonable price.

But what else should investors take away from this company? Watch our short video below to learn more about this growth and income stock!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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