Target raises earnings forecast after profit rises

November 18, 2015 1:04 PM

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Target raises earnings forecast after profit rises

CHICAGO Target Corp (TGT.N) on Wednesday reported a bigger-than-expected increase in quarterly profit and raised the low end of its fiscal-year forecast as revenue got a boost from strong demand for products at the center of the retailer's turnaround plan.

Under Chief Executive Officer Brian Cornell, Target has focused on promoting a narrower set of products, or "signature categories," that include apparel and items for children, babies and health and wellness.

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