UPDATE: Target (TGT) Shares Pressured on CFO Comments

(Updated - March 3, 2015 3:18 PM EST)

Target (NYSE: TGT) shares were pressured on comments from its CFO John Mulligan. Target sees SG&A spending rate of 19.5%-20% over the next 5 years. It sees EBITDA margins of 9.5-10% over the same period. It sees $2.1 billion in capex this year. It sees 5%-10% annual dividend growth. It sees buying back $2 billion this year.

It sees revenue growth of 2%-3% vs est. of 2%, with comps up 1.5%-2.5% vs est. of up 1.8%. It sees FY EPS of $4.45-$4.65 vs the consensus of $4.50. It sees annual EPS growth in 10% range.

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