How Will Target (TGT) Stock React To Altuzarra Partnership?

NEW YORK (TheStreet) -- Popular food and general merchandise retail chain Target Corp. (TGT) announced on Thursday it is planning to partner up with the luxury fashion brand Altuzarra this fall.

The fashion brand Altuzarra markets clothing, accessories, and shoes for women.

The collection will be available at most U.S. and Canada based Target stores on Sept. 14.

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Target will sell over 50 pieces from Altuzarra ranging in price from $17.99 to $89.99 for apparel and lingerie and $29.99 to $79.99 for shoes and accessories, Target said.

Shares of Target are down -2.47% to $55.79 on Thursday.

TheStreet Ratings team rates TARGET CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate TARGET CORP (TGT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

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