Dividend Discount Valuation: Target

Retail giant Target Corp. (TGT ) has had a mixed performance this year. The company has undergone a significant turnaround because of problems that sprang up across its business in 2013 and 2014. Target had to completely shut down its Canadian operations due to poor performance there, and the company has invested aggressively in strategic initiatives such as its Red Card program. Investors have had a mixed response to these efforts as Target’s stock price is up only fractionally year-to-date.