Target CEO to step down
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According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate of Walmart ( WMT) , its top rival, to weather the impact of tariffs.
In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too much in mean reversion, because once trends are in motion, they are more likely to remain in place rather than reverse. Expect this dynamic to continue.
Target stock falls after reporting Q2 results. Analysts maintain mixed ratings, note CEO departure and future plans.
On his shopping list come Feb. 1, new Target CEO Michael Fiddelke faces a multitude of challenges from making its offer clearer to unwinding the damage from DEI missteps.
Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.
US retail giant Target has appointed a new chief executive as it struggles to reverse a decline in sales and its share price.
Those dismal marks signal far scarier AI-era problems newly-appointed CEO, company lifer Michael Fiddelke must fix. Ultimately, his prospects hinge on a singular question —who (name names!) can and will you trust, welcome and encourage to ask the candid, uncomfortable and unvarnished questions every effective executive needs?
Investors panned Target’s choice of insider Michael Fiddelke as CEO on Wednesday, viewing the 20-year company veteran as unlikely to fix the retailer’s
Hot toys such as Squishmallow building sets, Hasbro's Spider-Man action figures and Mattel's Barbie were included in container manifests.