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Cowen rates Target at buy after Q2 profit miss, as gross margin contracted to 21.5% from 30.4% on higher markdowns; move was painful but positions Target much better for H2, as taking inventory actions early is prudent in cleaning up inventory quickly
Published: August 17, 2022 by Invezz
Walmart and Target say US supplies of baby formula are improving, months after the country faced acute shortages; Target says it will continue with the purchase restrictions both at its stores and online
Published: August 17, 2022 by Reuters
Target named Grace Puma to board of directors; Puma recently retired from her role as EVP, COO at Pepsi, will serve on Audit & Risk and Infrastructure & Finance Committees
Published: August 17, 2022 by Target Corp.
Target Q2 net earnings fall 89.9% year-over-year to US$183M from US$1.82B as inventory actions put significant pressure on near-term profitability; net sales up 3.3% to US$25.65B as comp sales grow 2.6%, digital comp sales up 9%, same-day services up 11%
Published: August 17, 2022 by Target Corp.
Analysts on Ulta Beauty: Deutsche Bank maintains buy and US$500 target, says Ulta shoppers still interested in buying products, and engagement remained strong in recent quarter; Oppenheimer rates outperform, says Target partnership among its sales drivers
Published: August 16, 2022 by Investing.com

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