Target price target raised to $141 from $130 at Stifel

Stifel raised the firm’s price target on Target to $141 from $130 and keeps a Hold rating on the shares. The firm lifts its FY23-FY25 estimates following Q3 results, as a 5% comp decline was offset by solid cost management. Q4 guidance indicates management expects further improvement to be gradual, says the analyst, who notes that estimate revisions mainly reflect more favorable margin leverage on slightly higher comp growth.