UPDATE: Citigroup Upgrades Target Corporation to Buy on Housing Strength
Citigroup upgraded Target Corporation (NYSE: TGT) from Neutral to Buy and raised the price target from $70.00 to $72.00.
Citigroup commented, "We believe that TGT will be a key beneficiary of a housing recovery in 2013, with 180+ bps of SSS growth upside, and is well positioned to gain category market share through its Threshold line. We also see longer term upside from Canada, and are pleased with increased focus on and investment behind e-commerce and mobile."
Target Corporation closed at $60.85 on Monday.
Latest Ratings for TGT
|Dec 2014||Wolfe Research||Initiates Coverage on||Outperform|
|Dec 2014||Cowen & Company||Initiates Coverage on||Outperform|
|Nov 2014||Morgan Stanley||Maintains||Underweight|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.