Target rallies after strong profit outlook

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

Shares of Target (NYSE:TGT) break higher as investors eye the boost in full-year profit guidance.

The retailer pushed up its outlook on 2019 EPS to $5.15 to $5.45 vs. $4.36 consensus.

TGT +3.45% premarket to $69.50 vs. a 52-week trading rangfe of $48.56 to $72.08. The positive outlook from Target could be enough to give a slight upward nudge to Walmart (NYSE:WMT) as well. Walmart is up 0.47% in premarket action.

Previously: Target lifts guidance after strong holiday sales (Jan. 9)

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