Target (TGT) PT Raised to $140 from $130 by Guggenheim Partners

AI Summary

Guggenheim Partners increased the price target for Target Corporation (TGT) from $130 to $140 on April 20, reiterating a Buy rating. This adjustment reflects expected strong performance in Q1, with higher EBIT and EPS estimates that are now at "Street-high levels." Target also announced a collaboration with Parke on April 21, featuring a new collection set to launch on April 25, which includes nearly 60 items focusing on women's apparel and accessories. The combination of strong earnings outlook and innovative partnerships may enhance investor confidence in TGT's market position.