Target's (TGT) deal to offload its credit card portfolio looks attractive to analysts at first...

|About: Target Corporation (TGT)|By:, SA News Editor

Target's (TGT) deal to offload its credit card portfolio looks attractive to analysts at first blush with no earnings dilution on the table and a capital release of a cool $5.9B. The company says it will account for the sale by taking a pre-tax gain of $150M in Q3 and an additional $350M-$450M after the closing - slated for the first half of 2013. TGT -0.4% premarket.