Thursday, January 19, 2017

Target Corp. (TGT) Dropped To A 2-Month Low After Guidance Reduced

Target Corp. (TGT) announced Wednesday morning that comparable sales for the November/December holiday period dropped by 1.3 percent. The company has also lowered its fourth quarter adjusted EPS forecast to between $1.45 and $1.55, from prior expectations of $1.55 to $1.75. Full year adjusted EPS guidance was also reduced to between $5.00 and $5.10, from prior expectations of $5.10 to $5.30.

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