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    Will Target sales be back on track by next year?

    By Dan Haugen | Published Wed, Oct 28 2009 9:58 am

    One Wall Street firm thinks Target may be back on track by next year.

    Citigroup predicts Target will see positive same-store sales in 2010. The firm upgraded its rating on the Minneapolis retailer's stock this morning from a "sell" to a "buy." It was up about 1.3 percent as of 9:20 a.m.

    The reasons for its optimism include Target's increased focus on food and its stronger margins on its private-label apparel. The company is also seeing improved sales of home furnishings, a department that has struggled the past year.

    Sources: TheStreet.com, Wall Street Journal

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