Deutsche Bank Upgrades Target (TGT) to Buy, Encourages Investors to Sell (WMT) and Buy TGT
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Price: $166.58 --0%
Rating Summary:
25 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
Rating Summary:
25 Buy, 19 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 6
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Deutsche Bank upgraded shares of Target (NYSE: TGT) from its previous rating of Hold to Buy and increased its price target by 20 percent to $64.
Following the release of its Q4 results, Deutsche encourages investors to sell their stake in Wal-Mart (NYSE: WMT) to purchase a stake in Target or increase their current one.
An analyst at Deutsche comments, "A key component to our upgrade is the improvement in traffic in Jan. which drove half of the 4.3% comp and has likely continued into Feb. given SSS are “well ahead” of 4% MTD. Looking ahead, we are optimistic this success could continue as the economy modestly improves and TGT has outlined upcoming assortment changes. "
For FY12 and FY13, the firm currently forecasts EPS of $4.22 and $4.95.
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 $52.97 yesterday.
Following the release of its Q4 results, Deutsche encourages investors to sell their stake in Wal-Mart (NYSE: WMT) to purchase a stake in Target or increase their current one.
An analyst at Deutsche comments, "A key component to our upgrade is the improvement in traffic in Jan. which drove half of the 4.3% comp and has likely continued into Feb. given SSS are “well ahead” of 4% MTD. Looking ahead, we are optimistic this success could continue as the economy modestly improves and TGT has outlined upcoming assortment changes. "
For FY12 and FY13, the firm currently forecasts EPS of $4.22 and $4.95.
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 $52.97 yesterday.
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