BofA/Merrill Lynch Upgrades Target (TGT) to Buy

BofA/Merrill Lynch upgraded Target (NYSE: TGT) from Neutral to Buy with a price target of $92.00 (from $86.00). Analyst Robert Ohmes believes the company will benefit from an improving mid-cycle consumer backdrop. He also thinks new initiatives at Target are showing positive early results.

For an analyst ratings summary and ratings history on Target click here. For more ratings news on Target click here.

Shares of Target closed at $81.93 yesterday.

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