Target Corporation (TGT) is cutting 1,800 corporate jobs, about 8% of its global team, due to declining sales. TGT shares are down 31.97% YTD, but still offer a high-yield dividend at 4.84%. Analysts are mixed on the move, with Jefferies maintaining a “Buy” rating. Despite the challenges, Target is investing in digital sales and revamping store features to drive growth. The company’s focus on innovation and cost control is seen as key to future success. Analysts have a cautious outlook, with a consensus “Hold” rating and an average target price of $105.38, indicating potential upside.

Read more at Barchart: ‘Painful But Necessary’ Job Cuts at Target Support Buying the High-Yield Dividend Stock Here