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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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July 31, 2014
17:06 EDTTGTOn The Fly: Closing Wrap
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12:58 EDTTGTAnalysts applaud Target CEO selection
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10:02 EDTTGTOn The Fly: Analyst Upgrade Summary
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08:49 EDTTGTTarget upgraded to Market Perform from Underperform at Cowen
08:25 EDTTGTTarget hiring of Cornell a good choice, says Janney Capital
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07:02 EDTTGTTarget names Brian Cornell as chairman and CEO, effective August 12
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07:01 EDTTGTTarget names Brian Cornell as chairman and CEO
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06:01 EDTTGTTarget to name PepsiCo's Brian Cornell as new CEO, WSJ reports
Target (TGT) is reportedly set to name Brian Cornell, an executive at PepsiCo (PEP), to become its new CEO, the Wall Street Journal reports. Cornell, who would be Target's first outside CEO pick, most recently ran PepsiCo's Americas Foods business. Reference Link
July 18, 2014
18:12 EDTTGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link

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