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Target data breach affected up to 70 million customers

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Target Corp said a massive payment card data breach that occurred during the first three weeks of the holiday shopping season affected up to 70 million people, far more than previously estimated.

Target's shares were down 1.5 percent at $62.40 before the bell on Friday.

The company also cut its fourth-quarter adjusted earnings per share forecast for its U.S. operations to $1.20 to $1.30, from $1.50 to $1.60.

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