Mike Murphy Is Bullish On Target
He added that the Canadian segment of Target's business could be a catalyst for this breakout. Target Canada has been an absolute disaster and many people have written it off. Murphy said anything positive that the new CEO does on this segment could be a basis for rally.
Josh Brown is bearish on Target. He explained that the company is offering more promotions and it is not attracting more people. He also said that he is selling at this price level because the stock failed twice to break above $62 and he sees Wednesday's spike as temporary.
Target gained 1.82 percent and closed at $60.33.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.