Target stock is plummeting to a 1-year-low after a huge earnings miss
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In This Story TGT -0.31% WMT +2.97% Target’s ( TGT -0.31% ) price cuts and early holiday promotions aren’t delivering the expected results . Target stock plummeted by almost 18% in pre-market trading on Wedneday after it reported disappointing third-quarter earnings . Despite slashing prices on thousands of items and seeing a slight uptick in customer traffic, inflation-weary shoppers are holding back on purchases. Suggested Reading 'What happens in Vegas': How Google tried to keep the bad
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