Stifel Nicolaus upgraded Target to a “Buy” rating on November 10, 2014. This falls right in-line with what Financial Brawn was predicting for the 2015 trends and our stock picks for 2015.
The 12-month target price for Target (TGT) has been set to $76 – which represents an 18% potential up-side in the retailer.
As we noted earlier, Retail looks to be a sector that could have great early gains in 2015. Our pick was Under Armour (UA), but we also like Target and think it is also a buy at these levels.
Target’s shares rose 0.17% to $64.28 in pre-market trading.