Encouraging results from domestic retailers could mean further upside for Target as it benefits from lower oil and an improving consumer, says TheStreet’s research analyst Jack Mohr. Since shedding its Canadian operations, the company has become more attractive as it is now a pure play domestic retailer, says Mohr. 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, Mohr says he would in turn expect Target to experience a material lift in sales as a result. He’s also a big fan of Target’s healthy dividend yield which, at 2.8%, is among the highest in retail.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
