Target price target raised to $153 from $140 at Roth MKM

Roth MKM raised the firm’s price target on Target to $153 from $140 but keeps a Neutral rating on the shares. The company’s Q4 saw “stronger” profitability but also represented the worst y/y Holiday quarter since 2008, the analyst tells investors in a research note. Despite easier comparisons, physical stores’ comparable store sales were down 5.4% – worse than Q3’s down 4.6% and also worse than Q2’s down 4.3% – and its digital comp sales were also negative, the firm added.