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Fly News Breaks for August 22, 2019
TGT
Aug 22, 2019 | 06:22 EDT
Citi analyst Paul Lejuez upgraded Target to Buy from Neutral and raised his price target to $130 telling investors he wants to catch the next 20% move up, which he believes will occur as the company continues to prove it is a "winner" in the current retail landscape. LeJuez said Target's investments are paying off in strong comps and positive store traffic, which will drive higher free cash flow and improving ROIC.