Barclays Maintains an 'Overweight' on Target (TGT); Raising FY12/13 EPS Estimates

Barclays maintains an 'Overweight' on Target (NYSE: TGT) price target of $65.00.

Analyst, Robert S. Drbul, said, "We are encouraged that Target has regained comp momentum seen prior to the holiday season, and believe the company remains well-positioned with the successful rollout of new merchandising initiatives. Accordingly, we are raising our FY12 and FY13 EPS estimates to $4.30 and $4.85 from $4.28 and $4.80, respectively."

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 $55.32 yesterday.

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