The Case For Target As A Long-Term Buy
Target Corporation's (TGT) operations include general merchandising and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards. TGT is trading at $55 with a market capitalization of $37 billion. TGT has a current dividend yield of 2.2% that is projected to grow at a 12% compound annual growth rate in the future. Looking forward, TGT will have a 6.7% dividend yield on current costs in 10 years.
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