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Fly News Breaks for August 22, 2019
TGT
Aug 22, 2019 | 07:36 EDT
Cowen analyst Oliver Chen raised his price target on Target to $120 from $100 following Q2 results. The analyst cited its own brand newness and execution combined with in-store talent which drove impressive cops. He noted guidance was raised and believes valuation remains modest relative to the opportunities ahead. Chen reiterated his Outperform rating on Target shares.
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