SGX:OUER 22 February 2026

March 14, 2026, 5:15 PM EDT. Target (TGT) shares are up 22% year to date, outperforming the flat S&P 500, despite being 55% below their all-time high. New CEO Michael Fiddelke, promoted from COO, is implementing a strategy focused on revitalizing Target's core appeal with trend-forward, quality merchandise and enhancing store and delivery capabilities. Fourth-quarter results showed a slight dip in sales but beat earnings per share (EPS) estimates by $0.28, boosting investor confidence. Target projects 2% sales growth and a 20 basis point increase in operating margin for 2026, supported by an additional $2 billion investment to modernize stores and boost customer engagement. The stock's recovery hinges on sustained execution amid tough retail competition from Walmart and Costco.