Target & American Eagle Revised Ahead of Busy Retail Earnings Week

Target (TGT) is upgraded while American Eagle Outfitters (AEO) and General Mills (GIS) get downgraded in Monday's Analysts' Actions. Target was upgraded at Stifel Nicolaus to BUY from HOLD, saying it's showing increased store traffic and better merchandising strategy. The price target is set at $76. American Eagle Outfitters was downgraded to EQUAL WEIGHT from OVERWEIGHT at Barclays. The price target was also lowered to $11 from $15. Barclays says the retailer is trading at a much richer valuation than its peers, heightening its downside risk. General Mills was cut by RBC Capital to SECTOR PERFORM from OUTPERFORM. The price target was also dropped to $54 from its previous $58. The firm says the downgrade comes from General Mills' disappointing progress on cost reductions.