Target price target raised to $158 from $153 at Roth MKM

Roth MKM analyst Bill Kirk raised the firm’s price target on Target to $158 from $153 but keeps a Neutral rating on the shares. The company’s Q4 results topped expectations but its forward guidance was lighter than expected, the analyst tells investors in a research note, also noting that Target’s EBIT margin was a far cry from last year’s suggestion of 8% baseline. The path to getting the company’s discretionary categories back to full price is likely to be "very volatile", Roth MKM added.