Wednesday, November 16, 2016

Target Lifts Q4, FY16 Forecast As Q3 Results Top Estimates

Retailer Target Corp. (TGT) on Wednesday raised its fourth quarter and fiscal 2016 forecast after reporting higher third-quarter profit, above market estimates. Sales declined on weak comparable sales, yet topped analysts' view. In pre-market activity on the NYSE, the shares were gaining 7.08 percent.

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