Set to report its Q2 results on Wednesday, August 21, Target (NYSE: TGT) will be hoping to follow Walmart's (NYSE: WMT) footsteps with its omnichannel retail peer exceeding quarterly top and bottom line expectations last Thursday.
Notably, Walmart's stock is up +7% since its strong Q2 results and has now soared +40% year to date to largely outperform Target's +2%. That said, let's see if a post-earnings rally could be in store for Target and if it's time to buy TGT for a sharper rebound.
Image Source: Zacks Investment Research
Target's Q2 Expectations
With Target continuing to move past shrink among other inventory issues, its Q2 sales are projected to ...
