UPDATE 1-Target soars after report of Ackman stake

(Reuters) - The report cited "a person with direct knowledge of his
plans."




Ackman, whose hedge fund Pershing Square Capital Management
has pressured companies including McDonald's Corp ,
Wendy's International Inc and Ceridian Corp to
make changes and boost shareholder returns, could not be
reached for comment. A Target spokeswoman was also
unavailable.


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