Target Sells Debt, Gets Upgrade

MINNEAPOLIS — Target Corp. said Tuesday it sold $1 billion in 10-year notes in what some analysts said was an encouraging sign for financial markets.

MINNEAPOLIS — Target Corp. said Tuesday it sold $1 billion in 10-year notes in what some analysts said was an encouraging sign for financial markets.

The bonds were priced at 3.91%, or 80 basis points above treasury bonds of similar maturity, according to a Bloomberg report. New York-based Moody's Investors Service said it upped its rating on the retailer to stable, from negative, citing the positive impact

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