Seeking Alpha

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

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.
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