** Big-box retailer Target TGT.N raised its annual sales growth forecast for the first time in two years, but warned of a tough macro environment as it works to recover from a prolonged slump

** Median PT of 40 brokerages covering the stock is $130 - LSEG-compiled data

HOPE WITH HURDLES

** RBC Capital Markets ("outperform," PT: $153) says comparable sales may slow sequentially and costlier fuel can pressure margins, but investors are overlooking organizational improvements that can drive more sustainable growth

** Morningstar (fair value: $121) says early signs show category resets are working, but recovery will depend on execution amid tough competition and pressured consumers

** BTIG ("neutral") underscores encouraging early momentum but stays cautious due to intense competition, tougher comparisons ahead and an uncertain consumer environment

** D.A. Davidson ("buy," PT: $155) says the guidance appears conservative, with even a slight slowdown marking an improvement; sees meaningful upside if merchandising and operational changes continue to deliver