Jim Cramer: Target Execution Is "On Target"
Target is executing very well, especially in its internet business, says Jim Cramer.
Target (TGT) - Get Report is executing very well, especially in its internet business, says TheStreet's Jim Cramer. Target shares surged Wednesday after exceeding quarterly estimates and raising its outlook. Third-quarter adjusted earnings of $1.04 a share breezed past consensus of $0.83 a share. Same-store sales declined 0.2%, far better than an anticipated 1% drop. The retailer expects same-store sales over the holiday-shopping quarter within a range of a 1% drop to 1% gain. Target had previously targeted down 2% to flat.
