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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (10289)	7/18/2006 10:34:57 AM
From: Smiling Bob	Respond to of 19256

Ahead of the Bell: Target Tuesday July 18, 9:12 am ET Target Shares Decline Premarket on Company's Reduced July Same-Store Sales Forecast NEW YORK (AP) -- Target Corp. shares dropped in premarket trading Tuesday, indicating an open at a new 52-week low, after the discount chain operator reduced its July same-store sales outlook. Shares of the Minneapolis-based company declined $1.61, or 3.4 percent, to $45.94 in premarket trading on the INET electronic exchange. Shares closed Monday at $47.55 on the New York Stock Exchange and have traded between $47.26 and $60 during the past year. Late Monday, Target said it expects same-store sales, or sales at stores open at least a year, to rise only 3 percent to 4 percent in July, down from an earlier forecast of 4 percent to 6 percent. Last July, the company reported a 5 percent boost in same-store sales. The news prompted A.G. Edwards to cuts its rating on the shares to "Hold," from "Buy," according to briefing.com. In a separate news item, Target and Amazon Enterprise Solutions, a unit of Amazon.com, said Tuesday they extended an e-commerce agreement until 2010. Amazon provides technology services for Target.com, the retailer's online portal.