Target "neutral"

03.04.06 - Robert W. Baird

NEW YORK, April 3 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Target Corp (TGT). The target price is set to $63.

In a research note published this morning, the analysts mention that the company has recently reduced its comp guidance for March from 1%-3% to 1.5%-2.5%, with comps possibly being adversely impacted by the timing of Easter and tough y/y comparisons. The analysts believe that Target's spring/seasonal sales have been bolstered by favourable weather conditions in the company?s end-markets.