Target "neutral"

30.05.06 - Robert W. Baird

NEW YORK, May 30 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Target Corporation (TGT). The target price is set to $60.

In a research note published this morning, the analysts mention that in its recent trading update, the company has indicated that it is likely to post its May same-store sales growth within the guidance range of 4%-6%. Increased gasoline prices are likely to have adversely impacted consumers? discretionary spending, which may have exerted pressure on the company's sales growth during the month, the analysts add.