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TGT
Benzinga
2 days

Target Announces New CEO, Why Analysts Are Bullish About The Change

1. TGT shares fell 1.90% after Q2 results were announced. 2. DA Davidson maintains Buy rating, reduced price target to $115. 3. RBC raised its price target to $107, despite competitive challenges. 4. New CEO Fiddelke's focus includes enhancing the store experience. 5. Target's adjusted earnings declined 20.2% year-on-year, affecting investor sentiment.

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FAQ

Why Neutral?

Mixed analyst ratings and price targets suggest uncertainty. Past periods of management change have caused volatility.

How important is it?

Analyst opinions vary, indicating significant investor interest and uncertainty. Leadership transitions often correlate with stock volatility.

Why Short Term?

The immediate reactions to CEO transition and earnings results will likely affect stock short-term. Long-term strategies may take time to manifest.

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