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Target says 1Q profit will be short of outlook

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MINNEAPOLIS - Target says its first-quarter adjusted profit will likely come in slightly below its forecast because of weaker-than-expected sales of seasonal and weather-sensitive items.

The discount retailer had predicted profit of $1.10 to $1.20 per share for the February-April period, excluding one-time items. Analysts expect earnings of 96 cents per share.

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