Target Stock Rises After Retailer Reports Strong Holiday Sales - Barron's

1. TGT reported 2% increase in comparable holiday sales. 2. Sales rose 2.8% overall, with record revenue during Black Friday and Cyber Monday. 3. Discretionary items like clothing saw meaningful growth compared to Q3. 4. TGT's stock rose 2.2% after the sales announcement, but down 23% from its highs. 5. Management changes announced; new executives appointed for store and IT leadership.