Target CEO Brian Cornell steps down
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Target, Wall Street and CEO
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The Dow Jones Industrial Average was back in the green again following choppy trading on Wednesday, with shares of Travelers Cos. Inc. and Walmart Inc. contributing the most to the index's rise. The Dow was up 83 points,
Target ( TGT) is tapping a homegrown talent as its next CEO at one of the most pivotal moments in its 63-year history.
According to a recent analyst note obtained by MarketWatch, BofA analysts state that because of its high import exposure, Target will need to increase its prices to twice the rate of Walmart ( WMT) , its top rival, to weather the impact of tariffs.
Hot toys such as Squishmallow building sets, Hasbro's Spider-Man action figures and Mattel's Barbie were included in container manifests.
In 2025, Walmart has been a clear outperformer, up 12%, while Target has slumped 22%. Technicians tend not to believe too much in mean reversion, because once trends are in motion, they are more likely to remain in place rather than reverse. Expect this dynamic to continue.
Target shares dropped as more details emerge about the retailer's profits. This comes as Walmart and The Home Depot prepare to report their quarter earnings. Akin Oyedele, a deputy editor at Business Insider,