Target Appoints New CEO. Here's What Investors Hope He Will Address.
1. Michael Fiddelke to become Target's CEO, disappointing local investors. 2. Investors preferred an external candidate for fresh strategic direction. 3. Target's shares fell 6%, making it a major decliner in S&P 500. 4. Fiddelke needs to improve e-commerce sales and merchandising authority. 5. Target faces profit margin pressures due to greater tariff risks.