Reported 12 days ago
The debate around a potential leveraged buyout (LBO) of Target Corporation has gained traction following a report from DA Davidson, highlighting Target's significant stock price drop of over 33% this year and nearly 43% over five years. Despite a challenging financial landscape, with recent adjustments in interest rates improving leveraged financing conditions, the notion of a buyout remains plausible due to Target's low valuation relative to the retail sector. With the upcoming earnings report tightly scrutinized, analysts remain cautious about Target's prospects despite encouraging sales trends.
Source: YAHOO