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Target Jumps After Raising Q2 Forecast

Target (TGT) is higher Thursday, after the retailer provided a positive second-quarter update.

Target said it now expects to report "a modest increase in second quarter comparable sales and adjusted EPS above the high end of its prior guidance range" of 95 cents to $1.15, thanks to improved traffic and sales trends.

Cowen & Co,'s reiterated a Market Perform rating and $64 price target on the stock...