Target sales fell for the first time in 6 years, but the retailer’s stock is surging. Here’s why

There was one glimmer of good news for the beleaguered brand.

Target Corporation’s stock (TGT) price has soared in pre-market trading even after quarterly sales fell for the first time in six years, and the company lowered its 2023 forecast. At the time of this writing, TGT shares are up nearly 9% in pre-market trading after the company released its Q2 2023 earnings. Here’s what you need to know:

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