Tag: wrong
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Target tumbles 20% after its sales and earnings fall short. Here’s what went wrong.
Target is heading into the holiday season with a gloomy outlook, with the retailer reporting its sales and profit fell short of analysts’ expectations and lowering its earnings forecast for the current quarter. Its shares tumbled almost 20% in pre-market trading. Shares of Target tumbled $28.78, or 18.5%, to $127.22 in premarket trading. The retail…