Target Thinks Its Stock Is a Good Investment -- Should You?

Filed under: Press releases, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY)

Target Corporation (TGT), a retailer that competes with Wal-Mart Stores, Inc. (WMT) and Best Buy Co., Inc. (BBY), had some good news today for its shareholders. Management has decided to reinstate its stock buyback program. According to the press release, the company believes the economic environment has improved to the point where reducing some of its float could be a worthwhile investment.

This buyback is a continuation of a $10 billion program begun back in November 2007. About half of that sum has already been spent; the remainder of the allocation is expected to be used up in two to three years. So, this isn't an aggressive move, certainly. And, as always, evolving market conditions can affect the intended schedule.

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Target Thinks Its Stock Is a Good Investment -- Should You? originally appeared on BloggingStocks on Thu, 14 Jan 2010 18:00:00 EST. Please see our terms for use of feeds.

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