Target price target raised to $195 from $160 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Target to $195 from $160 and keeps an Outperform rating on the shares. Target’s investor meeting increased the firm’s visibility and confidence in ability to return to sales growth, improve its operating margin, and gain market share, the analyst tells investors. Overall, Target has many initiatives to make it more relevant to consumers, which should support multi-year sales and earnings growth, the firm adds.