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Why Target Stock Rose Today

TheMotleyFool

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Why Target Stock Rose Today: https://g.foolcdn.com/editorial/images/701084/target-bullseye-and-ladders-_-image-source_-getty.jpg

Investors seem to be looking forward to a successful holiday season at Target (NYSE: TGT). Its shares jumped as much as 2.2% this morning. They subsequently pulled back, but were still 0.9% higher as of 1:06 p.m. ET.

Target wants this holiday season to be a turnaround of sorts. It announced an exclusive agreement earlier this week that could help the critical season be a success for the retailer. Target and FAO Schwarz reached an exclusive agreement where outside of FAO Schwarz stores, the popular toy brand will only be available for purchase at Target stores and online at Target.com.

Source Fool.com

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