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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 15:06 EDT
Baird analyst Peter Benedict reiterates an Outperform rating and $140 price target on Target shares following the company's Q4 report and virtual investor meeting. The successful rollout of multiple same-day fulfillment options have given Target a level of "credibility around convenience" with consumers and its re-established relevance among buyers appears secure. In addition, its growth is not coming at the expense of profitability, which should help build credibility among investors too, said Benedict, who would be a buyer of the shares here with comps poised to accelerate in Q1.
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