Target (TGT) Shares Slightly Higher Amid Analyst Upgrade

December 22, 2010 3:56 PM EST
Get Alerts TGT Hot Sheet
Price: $71.55 +1.94%

Rating Summary:
    7 Buy, 22 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 30 | New: 8
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An analyst at Wall Street Strategies upgraded shares of Target (NYSE: TGT) from Hold to Buy this morning, also raising the stock's price target from $58 to $67.

The firm believes that the retailer has begun gaining market share recently, citing "favorable observations" on tours and from industry channel checks. Wall Street Strategies noted struggles at Wal-Mart (NYSE: WMT) as of late, all while Target metrics have been improving.

Target shares are up about 0.6% just minutes before today's closing bell. With the stock last trading around $60.06, the firm's new price target implies potential upside of about 12%.

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

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