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Target (TGT) Stock Up, Deutsche Bank Raises Price Target

NEW YORK (TheStreet) -- Shares of Target (TGT) are up 2.33% to $75.03 Monday morning as its price target was increased to $84 from $81 and its "hold" rating maintained at Deutsche Bank.

"After last week's retail carnage, we enter discounter earnings with cautious optimism that lowered expectations can be achieved and full year plans reiterated," Deutsche Bank analysts said in an investor note.

Due to pressure from (AMZN) and its online shopping platform, shares of retail giants such as Target were recently on the decline as same-store sales continue to take a...