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Harsh downgrade for Target

Dec. 05, 2013 6:47 AM ETTarget Corporation (TGT) StockTGTBy: Clark Schultz, SA News Editor4 Comments
  • Bank of America downgrades Target (NYSE:TGT) to an Underperform rating.
  • The investment firm lowers its price target on the retailer to $60.
  • Foot traffic and the level of promotional activity at Target are nagging concerns.

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