Deutsche Bank analyst Paul Trussell raised his price target for Target (TGT) to $114 from $99 and maintained a Buy rating following the company's quarterly results, which featured an "impressive" 3.4% comp. In a research note to investors, Trussell says he believes the print will diminish concerns about the company's ability to sustain comp growth in the face of difficult compares, leading to a re-rating of the multiple higher, closer to staple peers like Walmart (WMT). The analyst is confident Target can maintain EBIT dollar growth through supply chain enhancements that lower per-unit fulfillment costs, market share gains in key categories often with higher margin private brands and strong returns on remodels and new small format stores.