Target Stock Falters Despite Raising Sales Guidance

Joining the growing list of retailers that are updating their guidance for the fourth quarter is Target Corp (NYSE:TGT). The company expects comparable store sales to rise 1.5% for the quarter, well above previous estimates, but maintained its profit forecast as price cutting to appease cash-strapped consumers pressured margins. At last glance, TGT is down 3.2% to trade at $130.29The shares are on track for their fourth-straight decline, looking to extend their nine-month decline of 23.1%. TGT had been clim ...