Target to Withdraw Listing from Pacific Exchange

MINNEAPOLIS - Target Corp. here said yesterday it plans to withdraw the listing of its common stock from NYSE Arca, formerly the Pacific Exchange, effective next month, though the stock will continue to be listed on the New York Stock Exchange. Target said it decided to make the change to avoid the increased fees associated with dual listings following the recent merger of NYSE Group with Archipelago Holdings, the parent company of NYSE Arca. NYSE Arca will continue to trade Target stock on an unlisted trading privilege basis. Target said it does not believe its action will have any impact on the liquidity of its stock.