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Off Target

Big box retailer Target cut its full-year profit forecast Wednesday by roughly 50 cents in the face of continued consumer spending declines. The company, which recently named a new CEO after its customers had their data hacked over the holiday season, now expects to earn between $3.10-$3.30 per share.

Posted on August 20, 2014, at 1:22 p.m. ET

Mike Blake / Reuters