Evercore Lifts Target (TGT) to $105, Maintains In Line Rating

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On February 17, Evercore ISI raised its terms people connected Target Corporation (NYSE:TGT) to $105 from $103 portion maintaining an In Line standing arsenic portion of a fourth-quarter net preview.

On February 1, 2026, Target Corporation (NYSE:TGT) implemented a enactment modulation nether which Michael J. Fiddelke assumed the relation of Chief Executive Officer and joined the committee of directors. His compensation bundle includes an yearly basal wage of $1.30 million, a people yearly currency inducement adjacent to 200% of basal wage nether the Short-Term Incentive Plan, and stock-based awards nether the 2020 Long-Term Incentive Plan with a people worth of $12.1 million, on with eligibility for executive-level benefits arsenic an at-will employee. Effective the aforesaid date, erstwhile CEO Brian C. Cornell transitioned to Executive Chair of the Board.

On February 2, 2026, Target agreed to supply Cornell with a $1.12 cardinal basal salary, a fiscal 2026 currency inducement accidental adjacent to 200% of salary, and a March 2026 restricted banal portion assistance valued astatine $6.0 million, portion his antecedently granted equity awards proceed to vest. He is expected to service arsenic enforcement seat oregon peculiar advisor done March 13, 2027, and is nary longer eligible for severance nether the company’s Income Continuation Plan. The structured succession program and continuity successful enforcement enactment supply operational stableness during a play of evolving retail dynamics, reinforcing assurance successful strategical execution and semipermanent shareholder worth creation.

Target Corporation (NYSE:TGT) is simply a large American wide merchandise retailer headquartered successful Minneapolis, Minnesota. Founded successful 1962, the institution operates large-format stores offering a wide assortment of groceries, apparel, location goods, and discretionary merchandise, positioning it to vie crossed worth and style-driven segments of the retail market.

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