Report indicating target has been hit? (8)
I believe the answer is:
bulletin
'report' is the definition.
(I know that bulletin is a type of report)
'target has been hit?' is the wordplay.
I cannot quite see how this works, but
'target' could be 'bull' (centre of a target) and 'bull' is found within the answer.
This may be the basis of the clue (or it may be nonsense).
'indicating' acts as a link.
Can you help me to learn more?
(Other definitions for bulletin that I've seen before include "Short and regular up-date" , "Short statement on the news as it happens" , "Regular news up-date" , "Regular newsletter" , "Newsflash" .)