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Cornell Out (Yay), Internal Hire In (Boo): Target Earnings Recap

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Consensus Media
Aug 20, 2025
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Investors are selling Target rather aggressively again today (-10%) as the company opts to promote the current COO Michael Fiddelke to CEO rather than bringing in fresh blood to replace Brian Cornell. Putting that decision aside, the quarter looks better than many recent reports, with sales, comps, and EPS all ahead and the full year guide maintained:

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