Target (TGT) News Today

Some investors have shied away from looking at consumer discretionary stocks as the U.S. consumer struggles with inflation pressures and an uncertain timeline as to whether the Federal Reserve will actually sweep in to cut interest rates this year. In addition to this bearish view, U.S. consumer sentiment readings have been lower for another month recently.

Major American retail department store operator Target Co. NYSE: TGT stock has been struggling to stay positive during the year. The performance against rival big box department store Walmart Inc. NYSE: WMT has been stark as its stock has been hitting new all-time highs on a weekly basis.