Target raises quarterly dividend to $1.16, marking 55 years of annual increases

Target's merchandising reset boosts shopper traffic, prompting Jefferies to raise Q2 sales and EPS forecasts.

Target Corp's broad merchandising overhaul, including expanded wellness, beauty, home decor, and food sections, is driving increased shopper traffic. Jefferies raised its Q2 comparable sales estimate to 1.6% and EPS forecast to $2.18, citing early si...