How Will Target (TGT) Stock React to Another Register 'Glitch'?

NEW YORK (TheStreet) -- Shares of Target Corp. (TGT) are flat in early morning trade after the company confirmed last night that a "glitch" in its system had caused delays at registers at some of its U.S. stores, but added that it is not in any way related to a data security issue or a hacker, the Minneapolis Star Tribune reports.

Target did not elaborate on the exact problem or problems, but said it would provide updates as they became available. It also was not immediately clear how many stores were affected by the glitch, the paper said.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

 

TheStreet Ratings team rates TARGET CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate TARGET CORP (TGT) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and poor profit margins."

If you liked this article you might like

Toys 'R' Us Store Employees Set for Higher Wages Despite Bankruptcy

Target Expands Next-Day Delivery Program

Target Is Taking on the Big Guys

Cramer: Dominoes Are in Play Today

Walmart Upping Current Worker Hours Instead of Hiring for the Holidays