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BMO Upgrades Target (TGT) to Market Perform

November 19, 2009 8:26 AM EST
TGT Hot Sheet
Rating Summary:
    9 Buy, 10 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
BMO Capital upgrades Target Corp. (NYSE: TGT) from Underperform to Market Perform. The firm also boosted its price target on the stock from $40 to $54

The upgrade follows Tuesday's Q3 earnings report, in which Target beat the Street on the bottom line, but gave cautious guidance.

Despite the upgrade, shares of Target are moving slightly lower in the pre-market session. The stock most recently traded at $47.69, down 0.4% from yesterday's close.

To see all the market-moving upgrades/downgrades on shares of Target, visit our Analyst Ratings page.

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

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