A Wireless Appoints New Chief Executive Officer

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MKM Partners Cuts Price Target on Target (TGT) to $70 Following Reported Holiday Sales

January 18, 2017 1:25 PM EST

MKM Partners maintained a Neutral rating on Target (NYSE: TGT), and cut the price target to $70.00 (from $77.00), following the company's reported holiday sales and lowered 4Q16 guidance. Same-store sales for November-December decreased 1.3% vs. prior estimate of flat for all of 4Q16. Digital sales grew more... More