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Target Stuns, Shares Jump Higher

publication date: Aug 21, 2019
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Image Shown: Shares of Target Corporation (TGT) leapt higher on August 21 on the back of its strong performance during the second quarter of FY2019. In particular, the retailer’s comparable same store sales growth was quite impressive given the hard comparison period, with e-commerce and same-day fulfillment leading the way.

Strong performance out of Target and other major US retailers like Walmart indicate that while headwinds are forming, the US economy remains strong for now. We've raised our fair value estimate of Target.


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