Jim Cramer and Action Alerts PLUS Research Director Jack Mohr discuss why they are buyers of Target shares ahead of the company’s investor day on March 3rd. Since shedding its Canadian operations, Target has become more attractive as it is now a pure play domestic retailer, say Mohr and Cramer. Plus, CEO Brian Cornell brings a fresh perspective. Target’s same store sales have historically had a high correlation with GDP and consumer spending, so as lower gas prices drive an increase in both metrics, they would in turn expect Target to experience a material lift in sales as a result.
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