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Fly News Breaks for November 7, 2019
TGT
Nov 7, 2019 | 09:33 EDT
Cleveland Research analyst said his work indicates that sales momentum appeared to slow a bit more than he was expecting at Target in the second half of the third quarter following a strong start. Based on his checks, he has lowered his Q3 comp store sales growth estimate to up 3.8% from 4.0%, though he note this is still above both consensus and guidance. The analyst, who also trimmed his Q3 EPS estimate by a penny to $1.24, keeps a Neutral rating on Target shares.
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