Julia Lambert
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Julia Lambert in WT Trader,

Target goes bargain


The second-largest U.S. discount retailer Target reported today lower 2nd quarter profit due to the higher taxes burden of consumers and sluggish growth in employment.
Quarter sales rose only 2% to $17.1 bn trailing Wall-Street’s expectations  of $17.3 bn.
Today it opened down with a gap trading in 3.5% minus at 65.5 and I think that shortly we'll see purchases at around 64.