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S&P Capital IQ Picks Target Focus Stock Of The Week

Stocks in this article: MHFI TGT

NEW YORK, June 3, 2013 /PRNewswire/ -- Target Corp. (NYSE: TGT: $69.50) has been picked by S&P Capital IQ as its Focus Stock of the Week.  TGT carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.

(Logo: http://photos.prnewswire.com/prnh/20130524/NY19925LOGO)

"Despite near-term headwinds related to higher taxes, delayed tax refunds and difficult weather comparisons, we expect consumer spending to accelerate later in 2013 and into 2014, driven in large part by improvements in the housing market," said Ian Gordon, equity analyst at S&P Capital IQ.  "We look for improvements in sales of Target's home decor business, which generates above-average profit margins, but we also see higher traffic from remodeled stores with fresh grocery and increasing attractiveness of the REDcard rewards program to cost-conscious shoppers." 

To view a video of Mr. Gordon discussing TGT click on the following link.  Playback/Web Link

About S&P Capital IQ S&P Capital IQ, a part of the McGraw Hill Financial (NYSE: MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.  For more information, visit www.spcapitaliq.com.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280 marc.eiger@spcapitaliq.com

All information provided by S&P Capital IQ is impersonal and not tailored to the needs of any person, entity or group of persons.  Past performance is no indication of future results. S&P Capital IQ and its affiliates provide a wide range of services to, or relating to, many organizations, including issuers of securities, investment advisers, broker-dealers, investment banks, other financial institutions and financial intermediaries, and accordingly may receive fees or other economic benefits from those organizations, including organizations whose securities or services they may recommend, rate, include in model portfolios, evaluate or otherwise address.

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