Goldman Sachs Restarts Target Corp. (TGT) at Buy

June 15, 2009 7:21 AM EDT

Goldman Sachs restarts coverage on Target Corp. (NYSE: TGT) with a Buy rating and $51 price target. The firm sees key inflection points on the horizon which could propel powerful EPS momentum outpacing peers.  Also adds to Conviction Buy List.

The firm's $51 price target provides 26% upside to Friday's close of $40.38.

Target Corporation operates general merchandise and food discount stores in the United States.


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