Target 'cautious' on near-term growth outlook as more Americans are maxing out credit cards

Target executives issued a weak forecast Wednesday in recognizing that elevated prices continue to have a "meaningful impact" on family budgets and savings.   Target Chief Growth Officer Christina Hennington told analysts on an earnings call that one in three Americans "maxed out or is nearing the limit on at least one of their credit cards." "For these reasons and more, we remain cautious in our near-term growth outlook," Hennington said. She projected that discretionary spending "will continue to remain p ...