Target "buy"

28.12.07 - Deutsche Securities

NEW YORK, December 28 (newratings.com) - Analysts at Deutsche Bank Securities maintain their "buy" rating on Target Corp (TGT). The target price is set to $79.

In a research note published this morning, the analysts mention that the company has reduced its December comps growth guidance from between +3% and 5% to between -1% and +1%. Target has indicated negative traffic trends since the week after Thanksgiving. Over the past few weeks, the US has had unseasonably cold weather and the high gas prices, housing slump and credit crisis continue to adversely impact consumer demand, the analysts say.