Target shares dive on earnings outlook, price cut plans

http://feeds.reuters.com/~r/reuters/businessNews/~3/XZhsttt4wIc/us-target-results-idUSKBN16719S

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NEW YORK (Reuters) - Target Corp said on Tuesday it will rely more on low prices to compete with rivals like Wal-Mart and Amazon, admitted many of its stores needed freshening up, and told Wall Street its sales and profit estimates for 2017 are too high.

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