TGT is on fire

After a month and a half of upward movement, analysts are split on the future direction of Target’s shares. An analyst at Barclays contends shares of Target will reach $48 as sales trends improve and expense controls improve profitability. Meanwhile, an analyst at Bank of America has a $32-price target on the company and suggests negative same-store sales, reduced new store growth and weak new store productivity will pressure the stock. Regardless of the future direction, investors who piled on when Target hit a low of $25 back as recently as March 6 have been rewarded handsomely. The stock has climbed steadily since then and closed Monday at $40.55, representing a 62.2%% gain from the 52-week low of $25.