Wall Street Strategies Reiterates a 'Buy' on Target (TGT); Conference Call Nowhere Near the Dartboard

Wall Street Strategies reiterates a 'Buy' on Target (NYSE: TGT), PT $55.

WSS analyst, Brian Sozzi, said, "To sum things up, Target didn’t exactly reinstall confidence in the medium-term outlook of the business, instead issuing what amounts to a FY11 earnings warning. That being said, we can’t help but to shift the debate back to the stock’s valuation. At present levels, investors could receive a large-cap retailer about to enter a growth spurt over the next three years in terms of U.S. store productivity (thanks to PFresh), new domestic stores, and a new international division in Canada. There are near-term negatives to be mindful of on Target, but we recommend buying Target shares in front of long-term earnings drivers..."

For more ratings news on Target click here and for the rating history of Target click here.

Shares of Target closed at $50.78 yesterday.

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