Target Corp raises profit forecast; earnings rise

Target Corp on Wednesday reported a nearly 11 percent increase in quarterly earnings and raised its fiscal-year forecast after benefiting from a strong back-to-school shopping season, and its shares rose more than 6 percent. Target said it now expected fiscal-year earnings of $5.10 to $5.30 per share, excluding special items, up from a prior outlook of $4.80 to $5.20. It also raised its forecast for its sales performance at stores open at least a year by one percentage point to a range of down 1