Target: Impressive Earnings, Too Expensive

Sterne Agee’s Charles Grom and team are impressed by Target’s (TGT) earnings–especially considering the tough times other retailers like Wal-Mart Stores (WMT) are having. Target’s valuation, however, concerns them: Associated Press After a very mixed earnings season thus far, expectations had been dialed back significantly for Target’s 1Q print. Surprising to many, Target printed arguably [...]