Target directors re-elected; analyst sees turnaround

05/29/2009 | Bloomberg

Target Corp.'s existing directors were re-elected by the company's shareholders Thursday. Hedge fund manager William Ackman had nominated a separate slate of directors, including himself, that was rejected by shareholders. "They'll outperform again when the economy starts to improve," Jeffrey Klinefelter, an analyst at Piper Jaffray Cos., said of Target.

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