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Fly News Breaks for July 25, 2016
TGT
Jul 25, 2016 | 06:52 EDT
Piper Jaffray analyst Sean Naughton views Target's relative valuation as attractive and believes the stock can outperform from here. General merchandise sales appear to be improving throughout the quarter, which is a positive for Target, the analyst contends. He sees a strong back-to-school opportunity for the retailer and keeps an Overweight rating on the name with an $86 price target.
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