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Target shares pop nearly 3% after earnings. Here’s what the pros say to do next

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Pros on CNBC discussed Target after shares surged following its second-quarter earnings report then slowed into Wednesday's market close.

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.

 

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