Target Revises Outlook Amid Weak Customer Traffic

Deep News
Nov 20

Target (TGT) shares rose 0.6% in early trading Thursday. The company reported a decline in third-quarter sales yesterday, lowered the upper end of its fiscal-year EPS guidance, and announced price cuts on 3,000 products. Additionally, it plans to invest $5 billion next year in store renovations and technology upgrades.

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