Unless I missed it, you didn't say how much you want to spend. Two totally different applications call for two totally different guns. Not breaking the bank for a hunting rifle, I'd go with a Weatherby Vanguard, Tikka or Savage in 308, topped with a Nikon Prostaff 3x9-40. For target, I'd go with a Savage BVSS, VLP or LRPV in 223 if you don't handload or 6mm if you do. The scope for this gun should be decent quality, more so than the one for hunting, you should be able to find decent 18-24X optics for less than $400 but I would try to save more $.