Target shares soar as the US consumer remains strong ...Middle East

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Target shares soar as the US consumer remains strong
Target raised its full-year profit forecast and reported its first rise in quarterly comp sales in a year, leading to a nearly 15% jump in shares.The moves underscore what Walmart said last week -- that the consumer is fine.Shares hit a four-month high as the company said discounts lured shoppers and boosted its profit forecast range to $9.00-$9.70 from $8.60-$9.60 per share.Comp sales rose 2% in the quarter ending in August and the company said it saw improving trends across discretionary categories, particularly in apparel. One thing I would caution there is the Ozempic effect. Consumers may be buying more clothes as they lose weight.The company sees full-year comp sales flat to +2% but mo

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