Target "peer perform"

13.09.07 - Bear Stearns

NEW YORK, September 13 (newratings.com) - Analyst Christine Augustine of Bear Stearns maintains her "peer perform" rating on Target Corporation (TGT).

In a research note published this morning, the analyst mentions that the company is exploring various options for a change in ownership for its credit card business. The sale of the credit card business would be accretive to the FY07 EPS estimates, if Target receives 50% or more of the credit EBIT contribution as performance payments, the analyst believe.