Target price target raised to $91 from $80 at Bernstein

Bernstein raised the firm’s price target (TGT) on Target to $91 from $80 and keeps an Underperform rating on the shares. The firm notes Target will announce Q4 results on March 3rd, with an Investor Meeting in Minneapolis that follows. As the first investor-facing event hosted by Michael Fiddelke as CEO in Target’s homeland, Bernstein expects a more detailed strategy update than in prior years.