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LOS ANGELES, June 07, 2022 (GLOBE NEWSWIRE) — Portnoy Law Firm advises investors of Target Corporation (“Target” or the “Company”) (NYSE: TGT) that the law firm has opened an investigation into names of investors who lost money on their Target stocks. Target investors are encouraged to contact the company to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone at 844-767-8529 or by email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss options for investors to pursue claims to recover their losses.
The investigation focuses on whether the company misled investors regarding Target’s inventory planning and earnings. After announcing the results and holding an investor call, analysts questioned the company’s inventory planning and its communication to investors, and “are still trying to understand how the company planned its inventory mix so poorly by compared to the comparison of dunning and verification”, and that the [company’s] the press release reports that something went, “really wrong in the planning and allocation department.” And, it’s hard to believe that “things have really changed this much from just three weeks ago” when Target released first quarter results.
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Portnoy Law Firm represents investors in the prosecution of claims caused by corporate wrongdoing. The company’s founding partner has recovered more than $5.5 billion for harmed investors. Lawyer advertisement. Prior results do not guarantee similar results.
Lesley F. Portnoy, Esq.
Admitted to the CA and NY Bar
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