Target (TGT) a Buy or Not?

Target (NYSE: TGT) reported numbers today that didn't meet analysts' expectations, however, it announced a $10 billion buyback, amounting to 20 percent of Target's outstanding shares. Jim Cramer and Bill Ackman of Pershing Square are fans of Target because they think Target selling its credit card portfolio will result in an increased share price for Target. Target is currently trading down 3%.

You May Also Be Interested In

• HSBC Upgrades Target (TGT) to Buy
• After-Hours Movers: GOOGL, MU, CEG, NU
• UBS sees attractive entry point in this EU auto stock