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Stock Market & Financial Investment News

News Breaks
August 21, 2014
07:08 EDTTGTTarget shares attractive, says Wells Fargo
After Target's stock rose even though the company cut its EPS guidance, Wells Fargo thinks the company is in a honeymoon phase following its hiring of a new CEO, making the stock attractive. The firm believes that the company's healthy brand equity, new well-respected CEO, clean balance sheet, and more secure 3.5% dividend yield are appealing to investors.Wells increased its price target range on the shares to $66-$70 from $63-$67 and keeps an Outperform rating on the shares.
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