Wal-Mart draws more shoppers, raises fiscal-year outlook
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Morgan Stanley Cuts Estimates as Target (TGT) Reports Tough 2Q Comps
August 18, 2016 11:50 AM EDTMorgan Stanley reiterated an Underweight rating on Target (NYSE: TGT), and cut the price target to $64.00 (from $67.00), following the company's 2Q earnings report. TGT reported its second consecutive quarter of underwhelming comps & top-line guide down. Morgan Stanley expects EBITDA margins to contract 100 bps to... More
