Target price target raised to $140 from $130 at Oppenheimer

Oppenheimer raised the firm’s price target (TGT) on Target to $140 from $130 and keeps an Outperform rating on the shares after attending the company’s analyst day. The firm overall walked away incrementally upbeat on the company’s prospects and more confident in Target’s ability to drive a return back to positive comparable growth. Further, Oppenheimer believes management is acting with more urgency lately, and at the event, it laid out aggressive plans to drive a return back to growth with numerous merchandising efforts and initiatives to improve the customer experience.