BofA says buy the dip in Target as fears of inflation pressure on profits are overblown

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Jesse Pound@/in/jesse-pound@jesserpound
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Customers shop in the grocery area at a Target Corp. store in Chicago, Illinois, U.S., on Saturday, Nov. 16, 2019.
Daniel Acker | Bloomberg | Getty Images

Investors should buy the dip in Target despite inflation pressures that caused a sell-off, according to Bank of America.