Target Stock (NYSE: TGT) Jumps on Activist Stake Report — What Investors Need to Know Before Monday’s Open
NEW YORK, Dec. 27, 2025, 10:37 a.m. ET — Market closed Target Corporation (NYSE: TGT) heads into the weekend with fresh momentum after shares climbed roughly 3% in Friday’s thin, post-holiday session, sparked by reports that activist investor Toms Capital Investment Management (TCIM) has built an undisclosed stake in the retailer. The move puts Target’s long-running turnaround narrative back in focus at a pivotal moment: incoming CEO Michael Fiddelke is set to take over in February, and shareholder pressure is rising after a year of soft sales trends and underperformance versus key retail peers. Reuters+1 With U.S. markets closed for