Goldman Raises Price Target On Target (TGT)

Goldman Sachs is raising its price target on shares of Target TGT to $62 from $57. It has a Buy rating on shares. In the research note sent to clients, Goldman writes, "Apparel was the hot category this month, and men's apparel especially was a popular callout. KSS, TJX, SKS and TGT all highlighted men's apparel as a top category this month. Women's apparel performed well as well, namely dresses, which were of particular strength at ROST, TJX and JWN." Shares of TGT are up 14 cents in pre-market trading to $55.19.