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Stock Market & Financial Investment News

News Breaks
February 3, 2014
13:33 EDTTGTAnalyst says Target's valuation looks attractive
Target's (TGT) valuation remains "compelling," Wells Fargo wrote in a note to investors earlier today. WHAT'S NEW: Wells Fargo analyst Matt Nemer lowered his estimates for Target to reflect costs stemming from the data breach during the holiday season, but the analyst thinks the stock's valuation is very attractive at current levels. Moreover, he believes that the data breach will cost the retailer hundreds of millions of dollars, not billions of dollars as some have estimated. Target will still be able to repurchase at least $2 billion of its shares this year, wrote Nemer, adding that the retailer has limited exposure to recent macro economic turbulence overseas, while its customers are mostly middle class. Nemer trimmed his price target on the shares to $62-$66 from $67-$71, but kept an Outperform rating on the stock. PRICE ACTION: In mid-afternoon trading, Target dropped $1.07, or 1.9%, to $55.55
News For TGT From The Last 14 Days
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March 30, 2015
12:53 EDTTGTNY AG Schneiderman announces agreement with GNC
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March 26, 2015
09:02 EDTTGTSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Samís Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
March 19, 2015
07:17 EDTTGTStephens to hold a conference
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06:36 EDTTGTTarget settles class action lawsuit over data breach, Reuters reports
Target agreed to pay $10M to settle a class action lawsuit related to its 2013 data breach, according to Reuters. Under the settlement, which must be approved by a federal judge, the retailer also agreed to implement data security measures, including hiring a chief information security officer, the news service stated. Reference Link
March 18, 2015
17:42 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, WSJ says
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15:56 EDTTGTTarget to increase minimum wage paid to $9 per hour in April, Dow Jones says
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12:26 EDTTGTTarget unveils extended one-year return policy
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