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For 3Q16, $TGT expects both GAAP EPS from continuing operations and Adjusted EPS of $0.75-0.95. $TGT believes it is prudent to lower its expectations for comparable sales in 2H16, based on current retail environment. In both 3Q16 and 4Q16, $TGT now sees comparable sales of down 2% to flat.
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.