LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors of Target Corporation (“Target” or “the Company”) (NYSE : TGT) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Target announced its financial results for the first quarter of 2022 on May 18, 2022. The company provided guidance for the second quarter of 2022, stating, “Operating profit margin rate [to] be within a wide range centered on the operating margin rate of 5.3% in the first quarter. Based on its results, Target shares fell more than 25% on the same day. Just three weeks later, the company revised its second-quarter operating margin guidance to “in the range of about 2%.” Based on this news, Target shares fell another 2.3% on June 7, 2022.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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