Credit Suisse Sees Upside to Target's (TGT) Q4 Numbers, Comps Could Be >20%

Credit Suisse analyst Seth Sigman reiterated an Outperform rating and $211.00 price target on Target (NYSE: TGT) noting that he expects upside to expectations in the short-term, with Q4 comps up at least high teens. The analyst raised his estimate to 17% comp growth last week and sees the potential for over 20%.

The analyst sees the company "as one of our better positioned retailers, both in the short-term (easy holiday comparisons, wallet share shifts, stimulus, share gains) and in a more normal environment (customer growth, category diversity, merchandising opportunities such as the Ulta partnership, cost offsets, and more share gains), supported by our normalized EPS analysis pointing to ~$10/share."

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 $193.60 yesterday.

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