Target Stock (TGT) Pops on Activist Stake Report as Wall Street Nears Record Highs — What Investors Should Watch Before Monday
Target shares rose 3.13% to $99.55 in Friday’s thin post-holiday trading after Toms Capital Investment Management took a significant stake, according to Reuters. The move comes as Target faces slipping comparable sales and a leadership transition. The size of TCIM’s stake and any formal demands were not disclosed. Target said it remains focused on returning to growth.