Reported about 13 hours ago
Target's stock has fallen to a 52-week low of $85.53, down 31% year-to-date, significantly underperforming compared to the S&P 500 and rival Walmart. The decline is attributed to poor store execution, loss of consumer confidence, and a lack of strong leadership as Michael Fiddelke is set to take over as CEO. Analysts expect weak sales leading to a challenging holiday quarter, with cautious consumer spending exacerbated by tariffs and inflation.
Source: YAHOO