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Target Corp.

Description:
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Abstract
A strong consumer franchise in the growing discount department store industry; Good growth potential for Target discount stores; Solid measures of profitability; and Prudent financial management. Participation in the highly competitive retail sector; and Intense pricing pressure. The ratings on Minneapolis-based Target Corp. reflect Standard & Poor's Ratings Services' expectations that operating results will remain solid because of good execution of its innovative merchandising strategy. Target offers consistent value and service and we expect management to maintain a moderate financial policy. We view Target's business profile as strong, reflecting its leading position in the discount sector and solid measures of profitability. Target's large scale, geographic diversity, and strong execution make it an important player in the highly competitive discount sector...

Companies mentioned in this report are: Target Corp.
Action: Review

Companies Mentioned
Target Corp.
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