Upgrade Alert for Target (TGT)

Feb 05, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Target (NYSE:TGT) was upgraded from Neutral to Buy at Citigroup today. The stock closed yesterday at $60.84 on volume of 3.8 million shares, below average daily volume of 4.8 million. Target Corporation operates general merchandise discount stores in the United States. The Company's merchandising operations include general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.

Target (NYSE:TGT) has potential upside of 15.1% based on a current price of $60.85 and analysts' consensus price target of $70.04. The stock should find resistance at its 50-day moving average (MA) of $61.17, as well as support at its 200-day MA of $60.84.

In the past 52 weeks, shares of Target have traded between a low of $51.51 and a high of $65.80 and closed yesterday at $60.85, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Target and will alert subscribers who have TGT in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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