Target "neutral," estimates raised

11.08.06 - Robert W. Baird

NEW YORK, August 11 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Target Corporation (TGT), while raising their estimates for the company. The target price is set to $60.

In a research note published this morning, the analysts mention that the company has posted its Q2 EPS ahead of the estimates and the consensus. According to the analysts, internal drivers are expected to enable Target to post robust sales during the forthcoming quarters. The EPS estimates for 2006 and 2007 have been raised from $3.10 to $3.11 and from $3.53 to $3.54, respectively.