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Fly News Breaks for January 20, 2017
TGT
Jan 20, 2017 | 07:19 EDT
Stifel analyst Mark Astrachan resumed coverage of Target with a Hold rating and a $72 price target. The analyst says that two-thirds of the company's business is underperforming, while it has "few near-term catalysts." He thinks that the company will probably have to increase its spending to improve its comp growth, and he is more concerned about its ability to meet its 3% + long-term comp growth target in the wake of its January 18 negative preannouncement.
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