‘Target May Never Generate a Positive Annual Comp Again’…and It’s Still a Buy?!?!

Shares of Target ( TGT ) are tumbling today after the retailer announced weaker-than-expected holiday sales and lowered its guidance. If you were bullish on the stock, it's time to cut bait, right? Not necessarily. At least one analyst, BTIG's John Zolidis , is sticking with his Buy rating, despite the bad news. He explains why: