Target – Retail giant celebrates comeback and entices with fresh Wall Street praise!

Target jumps to a 52-week high after Wolfe Research upgrades to "Outperform" and issues a street high price target of $162. Solid Q1 numbers (revenue $25.44 billion, comps +5.6%) and the rotation away from expensive AI stocks support the trend reversal – which is still not complete. An upgrade crowns the trend reversal On a weak trading day, Target swam against the tide. The retailer's stock rose about 3.4% to $134.12 after Wolfe Research upgraded the stock from "Peer Perform" to "Outperform," declared it a top pick for the end of the year,...