Should You Short Target (TGT) Stock Now? Source: jejim | Shutterstock.com Independent investment research publication Hedgeye recently targeted Target (NYSE: TGT ) stock as a potential short candidate . With this year’s bear market seemingly continuing to blow cold air, could a TGT short be a hidden path to gains? According to Hedgeye, the answer is an overwhelming yes . Pointing to Target’s “massive inventory problem,” Hedgeye analyst Brian McGough believes the company may end up bearing the brunt of an increasingly brutal season for consumer spending. “TGT is sitting right in the bullseye of competitive pressure from the 80-90% of retailers that will be aggressively clearing product […] Bottom line is that going from ~$8 this year to $12 next year in EPS is a herculean feat that we don’t think TGT will pull off. This is one of the few times where we should see a meaningful price divergence between TGT (lower) and WMT.” Target has repeatedly lowered its outlook to reflect the bottom-line impact of overstocked inventories. Per SeekingAlpha , the company is down more than 25% since slashing its full-year profit forecast in May.