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News  ›  The Motley Fool

1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever

The Motley Fool Logo The Motley Fool By Stefon Walters
1 Magnificent Dividend King Stock Down 40% to Buy and Hold Forever

Target, a long-standing discount retailer, is experiencing challenges with declining sales and stock performance, but shows potential for recovery through new leadership, diversifying revenue streams, and maintaining a strong dividend track record.

Insights
BRK.B   negative

Analyst downgrade due to succession risks, potential loss of Buffett premium, high market valuation, and lack of share buybacks


TGT   neutral

Despite current struggles with stock price and sales decline, the company shows potential through new leadership, non-merchandise revenue growth, and consistent dividend payments. The article suggests cautious optimism about future performance.