Investment activities surrounding
Target Corporation (TGT) have been vibrant, with multiple asset management companies varying their stakes. TD Cowen increased Target's price target from $100 to $110, signaling positive expectations. However, other institutions like Meiji Yasuda Asset Management, Great Lakes Advisors, Glenview Trust co, and Voleon Capital Management have reduced their TGT stake. Conversely, entities like MB Public Markets, UniSuper Management, Ashton Thomas Private Wealth, Mattson Financial Services, and many more have raised or initiated their holdings in TGT.
Target's stock performance has garnered attention in comparison to other retail stocks. Despite misses in Q2 earnings estimates and a y/y sales decline, some analysts view it as viable for
long-term investment due to expected margin recovery and as a defensive retail play. Target had a major shakeup in leadership, with Michael Fiddelke appointed as the new CEO and a $12 billion drop in the stock following the CEOs abrupt resignation.
With institutional owners holding 85% of the shares, a strategic
enterprise acceleration office has been launched to accelerate multi-year plans. Looking forward, concerns over macroeconomic headwinds make some cautious about the retail giant.
Target Corporation TGT News Analytics from Mon, 24 Mar 2025 07:00:00 GMT to Sat, 13 Sep 2025 18:50:47 GMT -
Rating 3
- Innovation -3
- Information 7
- Rumor -6
