Target "neutral"

28.02.06 - Robert W. Baird

NEW YORK, February 28 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Target Corporation (TGT). The target price is set to $63.

In a research note published this morning, the analysts mention that the company is expected to post its February comps at the upper end of the guidance range. Target had recently reduced its comp guidance for the month from 9% to 2.5-3.5% due to unfavourable weather conditions, the analysts point out. Target?s comps are being boosted by the company?s differentiated merchandising strategy, improved execution and efficient marketing, according to Robert W Baird.