S&P lifts Target outlook to stable

Standard & Poor's said it revised its outlook on Target Corp. to stable from negative and affirmed all its ratings, including the A+ corporate credit rating.

S&P said that Target's operating performance at its retail operations were better than expected, offsetting weak results at its credit operations.

The agency said it expects that operating results will remain solid due to good execution of merchandising strategies and benefits from store remodels.

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