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Fly News Breaks for November 7, 2019
TGT
Nov 7, 2019 | 17:20 EDT
Nomura Instinet analyst Michael Baker initiated coverage of Target with a Buy rating and $123 price target. The analyst sees the company as an "impressive turnaround candidate" operating in a favorable macro backdrop. Baker adds that Target's investment phase levers are gaining traction, which should drive sustained comp and market share gains.