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Cleveland Research is out with a new note on Target (TGT -1.7%) in which it calls the sales...

Cleveland Research is out with a new note on Target (TGT -1.7%) in which it calls the sales trends of the retailer disappointing in Q1 and says gross margins could see more pressure from competitive pricing. "For the quarter, we now see some modest downside to comp store sales and earnings expectations." (full research note .pdf)
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