Target Stock Holds Well in Week





This was not a pretty week on Wall St.  With major drops after Chinese growth is called into question, the market looked very anemic.  On the whole, the Dow dropped a whopping 4.5%.  Target stock, however, held its own.  The retailer significantly outpaced the market falling only 1.92%.  In terms of news from this terrible week, we heard of the store’s first opening in the New York City borough of Manhattan.  In addition, the stock earned a positive outlook from an analyst at Piper Jaffray who reaffirmed the overweight label for the stock, while dropping the target price to $59 because of a more cautious macroeconomic outlook.

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This entry was posted on Friday, July 2nd, 2010 at 10:57 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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