Target (TGT) Lowers 2016 Guidance. What About the Dividend?
Target (TGT) reported disappointing second-quarter earnings results this morning, sending the stock down more than 5%. The company lowered its full-year guidance and, like many other brick-and-mortar retailers, remains challenged as it tries to navigate the evolving consumer landscape. With Warren Buffett recently reducing his stake in Wal-Mart by nearly 30%, many dividend investors [...]