Market Overview

UPDATE: Citigroup Upgrades Target Corporation to Buy on Housing Strength

Related TGT
Target 'Respectfully Requests' Gun Owners Leave Weapons At Home
Target Reports Pricing of Pending Tender Offers
'Prolific' Hacker of Consumer Data Busted (Fox Business)

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.

Posted-In: CitigroupAnalyst Color Upgrades Analyst Ratings

 

Most Popular

Related Articles (TGT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free