UPDATE: UBS Starts Target (TGT) at Neutral, Low Probability of Hitting Canada Targets
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Target (TGT) Issues Q1 Warning; Sees Flat Comps, Lowers EPS Expectations
April 16, 2013 8:02 AM EDTFollowing the settlement of its debt tender offers, and in keeping with the companys intention to provide an update as stated in its March 13, 2013 announcement regarding completion of its credit card portfolio sale, Target Corporation (NYSE: TGT) today provided updated guidance for its first quarter sales as well as its first quarter and full-year 2013 adjusted and GAAP earnings per share. All earnings per share figures refer to diluted earnings per share.
The company now expects its first quarter 2013 comparable-store sales growth will be approximately flat, due to... More
