Target's problems won't last forever, time to buy stock, Barron's says

It seems everything that could go wrong for Target has gone wrong this year, Teresa Rivas writes in this week's edition of Barron's. But with Target's shares down 29% in 2022, compared with the S&P 500 index's 18% decline, a lot of the bad news is already reflected in the price of Target stock, the author argues. At the same time, there's still a lot to like about the big retailer, from its growing market share to its ever-expanding dividend. Yes, things have gone from bad to worse as Target aggressively discounts overstocked merchandise, but now its shares look like a bargain-but a bargain, it must be cautioned, best suited for investors comfortable with a bumpy road to redemption, the publication adds. Reference Link