Target’s Stock Attractive, ULTA Shares Positive as QuickSilver Stumbles 2%

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After the morning’s positive jobs numbers, the Dow Jones Industrial Average (NYSEARCA:DIA), S&P 500 (NYSEARCA:SPY) and Nasdaq (NASDAQ:QQQ) are finding support and rebounding steadily. The following stocks are moving and shaking after various brokerage comments to digest:

Bernstein is a fan of Target Corp‘s (NYSE:TGT) valuation, stating that its current share price makes for an appealing entry point. Bernstein retains an Outperform rating for the stock and a $60 target.

Ulta Salon, Cosmetics & Fragrance, Inc.’s (NASDAQ:ULTA) price target moved up to $83 from $79 at RW Baird. The move is thanks to the company coming out with strong holiday comps and upping its Q4 earnings guidance. Increased transactions were referenced by Baird, due to television and digital campaigns, plus beneficial marketing. Its shares are rated Outperform.

Jefferies is reassuring investors that Quiksilver’s (NYSE:ZQK) loss of CFO Joe Scirocco ought not be viewed as negative, as the company is being left in a sound financial position. Jefferies does not believe the resignation is of concern for shares and holds to a Buy rating with a $4 price target.

The price target on InterMune (NASDAQ:ITMN) went from $37 to $51 at RW Baird, reflecting a more cautious approach to pricing and valuation. Baird pointed out InterMune’s positive Q4 update of strong sales and demand trends, and maintained the shares as rated Outperform.

Global Payments’s (NYSE:GPN) price target is up to $50 from $45 for Susquehanna. The firm made the change after Q3 results, and referenced better international margins, more guidance by management from Global Payments’ three acquisitions, and impacts from the Durbin legislation. Susquehanna also pointed out that North American margins could cap valuation. Global Payments shares are rated Positive.

Further Reading: OPEN Act Continues to Find Supporters: AOL, Ebay, Facebook, Google, Yahoo, LinkedIn>>

To contact the reporter on this story: Brooke Edge at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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