Seeking Alpha

Teflon Target still doing just fine

  • Shares of Target (TGT) shrug off news that an Alabama credit union filed a class action lawsuit against it to remain higher than where they stood pre-security breach crisis.
  • The company's customers are "sticky" despite the recent hiccups because of their adherence to the REDcard program, notes some retail analysts. Also behind the scenes is Target's $4B buyback program which might be adding some strategic support to share price.
  • TGT +0.2% premarket.
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Comments (2)
  • bd4uandu
    , contributor
    Comments (1808) | Send Message
     
    Hmmm Teflon Target .... Catchy
    3 Jan 2014, 12:47 PM Reply Like
  • California Dividend Bull
    , contributor
    Comments (171) | Send Message
     
    Have been following TGT only for a few months now but buying back shares while they are under pressure IMHO makes much more sense than wasting billions of shareholder $$ to buy back when the price is at peaks. Just my 2ยข
    3 Jan 2014, 02:17 PM Reply Like
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