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Fly News Breaks for March 4, 2015
TGT
Mar 4, 2015 | 06:57 EDT
Piper Jaffray views Target's long term earnings algorithm, which is based on a 1% store comp and 40% growth in digital sales annually, as realistic and the company's capital deployment as encouraging. It believes the stock offers an attractive risk/reward and raised its price target for shares to $86 from $86 following the retail giant's analyst meeting. Piper keeps an Overweight rating on the name.
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