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US Target lowers forecast

  Target has lowered its second quarter forecast citing the promotional discounts it had to use to attract shoppers. The Minneapolis-based retailer also said on Tuesday it expects gross expenses tied to a massive data breach this past winter to come to $US148 million ($A160 million) in the period, which will be offset by $US38 million in insurance. It also paid $US1 billion to retire $US725 million in debt. Target Corp has been reeling since it announced in December that hackers stole milli