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Fly News Breaks for March 4, 2020
Mar 4, 2020 | 05:13 EDT
Goldman Sachs analyst Kate McShane reiterates a Buy rating on Target and added the shares to Goldman's Americas Conviction List with a $125 price target. The guidance at the retailer's investor day shows its momentum will continue, McShane tells investors in a research note. Further, despite the lighter than expected sales in Q4, Target was able to grow both gross margin and operating margin dollars, adds the analyst. She views the 2020 guidance positively.
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