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Target Q2 Preview: Monitoring Sales Momentum, Shares Fairly Valued
Target will report its Q2 on August 19, and ahead of the release, shares are having a field day, up about 50% YTD. The stock's gains coincide with a successful turnaround in operations supporting both its top and bottom lines. In Q1, the retailer reported its largest comparable sales growth in about 4 years. I will be monitoring to assess whether those gains are sustainable.
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