Jefferies raises Target (TGT +1%) to Buy from Hold with a $63 price target, up from $49, as it...

|About: Target Corporation (TGT)|By:, SA News Editor

Jefferies raises Target (TGT +1%) to Buy from Hold with a $63 price target, up from $49, as it cites a litany of reasons: the downward EPS revision cycle is bottoming; sales are rebounding, even after adjusting for weather; pressure from Wal-Mart may not be as strong as expected; online execution is improving; maturing PFresh stores should see better cross-shopping.