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Cash at the end of 1Q16 for $TGT was about $4Bil and the company expects to reduce its cash position by more than 50% by the end of 2Q16. $TGT said that its capital deployment priorities remain the same of supporting projects meeting the company's financial criteria, support dividend, and to consecutively increase dividends.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.