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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (374840)	9/22/2008 10:16:33 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 436258

Target declines as analyst downgrades it to ‘Hold’ Monday September 22, 2:08 pm ET Target declines as analyst downgrades stock on worsening credit environment NEW YORK (AP) — Shares of Target Corp. declined Monday, after an analyst downgraded the stock as the retailer’s customers have had trouble making their credit card payments. Lazard Capital Markets analyst Todd Slater cut his rating on shares of Target to “Hold” from “Buy” and said delinquencies and charge-offs are rising. Target recently sold nearly half its credit-card receivables to JPMorgan Chase & Co. for $3.6 billion. “Delinquencies as a percentage of receivables increased to the highest level we have seen, while charge-offs increased to the highest level since the bankruptcy law changed in October 2005,” Slater wrote in a client note. biz.yahoo.com Why is this POS (COF) $10 higher than its last Wednesday's close? finance.yahoo.com