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Target, CEO Change

Target Stock Tumbles. Why a CEO Change Is Overshadowing an Earnings Beat.

Target also reiterated fiscal-year guidance. It continues to expect a low-single digit decline in sales, while adjusted earnings per share will range from $7 to $9. Consensus estimates call for a roughly 1.5% drop in sales and adjusted earnings of $7.28 a share.

MarketWatch on MSN · 4h

Target’s stock drops as long-time CEO Brian Cornell’s planned departure overshadows an earnings beat

S hares of Target Corp. slumped 9.4% in premarket trading Wednesday, after the discount retailer said it was replacing for Chief Executive Brian Cornell, who has been in charge for the past 11 years, with current Chief Operating Officer Michael Fiddelke, effective Feb. 1, 2026.

Forbes · 13h

As Target Names New CEO, Stock Tumbles 10% As DEI Hit And Tariffs Drag On Sales

As Target announces a new CEO, the retailer is reporting declines in revenue and operating income. As shares tumble 10% their DEI pullback & tariffs are dragging on sales

Target CEO Brian Cornell steps down

Los Angeles Times · 13h

Target picks insider as CEO to lead turnaround; shares drop

Target Corp. named veteran Michael Fiddelke as its next chief executive officer, betting that the insider will revive the storied retailer struggling with weak sales.

Associated Press · 11h

Target picks an insider to lead the struggling company when CEO Brian Cornell steps down next year

Target CEO Brian Cornell plans to step down Feb. 1. He helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape.

FOX 7 Austin KTBC · 10h

Target’s CEO Brian Cornell will step down, COO to succeed him

Target's chief operating officer, Michael Fiddelke, is set to succeed current CEO Brian Cornell in 2026. Cornell will transition to the role of executive chair of the board of directors. The change of positions announcement comes amid Target's sluggish sales and consumer boycotts.

15h

TGT stock price: Why are Target shares dropping today—and who is Michael Fiddelke?

In addition to announcing its Q2 2025 results, Target also revealed that it would be getting a new CEO. The company announced ...

15h

Target Stock Heads for Worst Session Since 'Liberation Day' Selloff

Shares in Target sank after the retailer reported its 11th straight quarter of flat or falling sales, and said Chief ...

11h

Target CEO Shakeup May Breathe Fresh Life Into Target

Target Corporation's stock dip is more about politics than performance. Explore the potential opportunity under new ...

Should You Buy the Post-Earnings Dip in Target Stock?

Target stock tanks as the retail behemoth offers muted full-year guidance and names an insider its next chief executive. UBS analyst says TGT shares lack a near-term catalyst.

10hon MSN

Why stock market is down today. Latest on Target, Amazon and other stocks

The stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO ...

Target: An Ultra-Cheap Stock, But Demand Destruction Is Real

Explore Target Corporation's financial health and strategy: strong credit quality, CEO transition in 2026, and an attractive ...

Target stock tanks 10% on Wednesday: here’s why analysts are cautious

Target stock plunges 10% as the company names new CEO, forecast repeated, and investors doubt retail turnaround.