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Fly News Breaks for January 19, 2017
TGT
Jan 19, 2017 | 05:21 EDT
Goldman Sachs analyst Matthew Fassler downgraded Target to Sell saying "stagnant to lower" earnings will drive a "subdued valuation on a sustained basis." The analyst is concerned that Target's exposure to online competition will drive ongoing investment in price and operating costs. He cut his price target for the shares to $67 from $77.
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