NEW YORK — Target Corp. beat second-quarter projections with a double-digit run-up in profits, but said slower growth could be on the second-half horizon and recent apparel trends have been soft.

Net income advanced 26.9 percent to $344 million, or 38 cents a share, from $271 million, or 30 cents, a year ago. Earnings per share beat out Wall Street’s best guess of 37 cents by a penny.

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