Evercore Lifts Target (TGT) to $105, Maintains In Line Rating

We recently published an article titled 12 Best Retail Stocks to Buy According to Analysts.

On February 17, Evercore ISI raised its price target on Target Corporation (NYSE:TGT) to $105 from $103 while maintaining an In Line rating as part of a fourth-quarter earnings preview.

On February 1, 2026, Target Corporation (NYSE:TGT) implemented a leadership transition under which Michael J. Fiddelke assumed the role of Chief Executive Officer and joined the board of directors. His compensation package includes an annual base salary of $1.30 million, a target annual cash incentive equal to 200% of base salary under the Short-Term Incentive Plan, and stock-based awards under the 2020 Long-Term Incentive Plan with a target value of $12.1 million, along with eligibility for executive-level benefits as an at-will employee. Effective the same date, former CEO Brian C. Cornell transitioned to Executive Chair of the Board.

On February 2, 2026, Target agreed to provide Cornell with a $1.12 million base salary, a fiscal 2026 cash incentive opportunity equal to 200% of salary, and a March 2026 restricted stock unit grant valued at $6.0 million, while his previously granted equity awards continue to vest. He is expected to serve as executive chair or special advisor through March 13, 2027, and is no longer eligible for severance under the company’s Income Continuation Plan. The structured succession plan and continuity in executive leadership provide operational stability during a period of evolving retail dynamics, reinforcing confidence in strategic execution and long-term shareholder value creation.

Target Corporation (NYSE:TGT) is a major American general merchandise retailer headquartered in Minneapolis, Minnesota. Founded in 1962, the company operates large-format stores offering a broad assortment of groceries, apparel, home goods, and discretionary merchandise, positioning it to compete across value and style-driven segments of the retail market.

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