Target "buy"

01.03.07 - UBS

NEW YORK, March 1 (newratings.com) - Analysts at UBS reiterate their "buy" rating on Target Corp (TGT). The 12-month target price is set to $78.

In a research note published yesterday, the analysts mention that the company has posted high-quality 4Q results, with EPS ahead of the estimates and the consensus. The recent weakness in Target?s share price presents an attractive investment opportunity, the analysts add. According to UBS, the company?s further expansion in consumables presents robust potential to drive sales and traffic towards the high-end of expectations.