Buckingham analyst Bob Summers raised his price target for Target to $117 from $102 and reiterated a Buy rating following the company's quarterly results. In a research note to investors, Summers says he believes Target continues to distance itself from most of its competitors, as evidenced by its third consecutive quarter of driving EPS upside and margin expansion with comparable store sales and e-commerce delivering strong results over at least the last six quarters, and feels this puts Target in a more elite group of retailers. He believes the stock's valuation will continue to re-rate, and says the ability to "comp the comp" and no apparent intermediate-term threat of a major earnings reset will also improve valuation.