Target to SHARE Lines With Nieman Marcus and Stocks Enjoying 52-Week Highs
Target Corp. (NYSE:TGT): The analysis on the odd couple pairing of Target (NYSE:TGT) and Neiman Marcus, shows that Target is gaining the most out of the deal as it builds up its brand reputation and draws in new, affluent shoppers. The initiative will see the retailers, including Marc Jacobs and Oscar de la Renta, share 24 product lines, in the clothing realm. Their shares have traded in a 52-week range of $45.28 to $59.49.
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Wisconsin Energy Cor (NYSE:WEC): Views Electric and Gas Utilities earnings per share at $1.46-$1.61. The company said that they will be moving to a 60% dividend payout ratio in 2014, and this policy should support an average annual dividend with increases of over 10%, from 2012-2014. The firm also believes that by implementing a share repurchase plan, they will be able to buy back up to $300M of common stock. They do not expect to issue additional shares and they believe that by exploring a joint venture with Wolverine Power Cooperative at the Presque isle Power Plant, their 2012-2016 budget will not be affected materially. Their shares have traded in a 52-week range of $27.00 to $40.31.
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