Target Reaches New 52-Week High (TGT)

NEW YORK ( TheStreet) -- Target (NYSE: TGT) hit a new 52-week high Thursday as it is currently trading at $72.79, above its previous 52-week high of $72.77 with 1.2 million shares traded as of 11:10 a.m. ET. Average volume has been 4.5 million shares over the past 30 days.

Target has a market cap of $46.06 billion and is part of the services sector and retail industry. Shares are up 21.7% year to date as of the close of trading on Wednesday.

Target Corporation operates general merchandise stores in the United States.

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TheStreet Ratings rates Target as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Target Ratings Report.

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