Goldman Sachs Raises EPS Estimates on Target

Goldman Sachs has published its company update on Target Corp.

following TGT's 3Q earnings call. GS is updating their 2010/2011/2012 from $3.87./$4.22/$4.54 to $3.95/$4.25/$4.57. In a note to clients, Goldman Sachs writes, "While TGT's 3Q results were largely in line with our estimates above the EBIT line, comments on the conference call instilled confidence that the company's initiatives should lead to better results over the holidays and into 2011." Target maintains a Neutral rating and closed Wednesday at $55.62.