Market Movers rounded up the best reactions from investors and analysts as Target shares rose after the retailer posted an earnings beat. The pros, including Jim Cramer , discussed the retailer after it reported its first-quarter financial results Wednesday before the opening bell.
Target chairman and CEO Brian Cornell said on a call with investors that inventories are down 16%, yet sales barely grew compared to a year ago as consumers dial back on spending. Despite those numbers, Target is maintaining its previous full-year guidance. The stock closed 2.5% higher Wednesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: