Piper Jaffray Reiterates Overweight Rating On Target Shares (TGT)

Piper Jaffray released a company note today in which they reiterated their Overweight rating on shares of Target TGT. The analysts wrote that "Target continues to benefit from an early stage recovery in moderate-to upper-income consumer spending patterns." Piper Jaffray has a price target of $63 on the stock which is based on FY11E EPS of $3.91. In the last 3 months, TGT shares have gained 6.58%. During today's session, the stock has moved 3.22% lower and is currently trading at $54.09.