09:55 AM EDT, 10/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

TGT announced plans to eliminate 1,800 corporate roles, including 1,000 layoffs and 800 open positions, representing about 8% of its corporate workforce. While job cuts are never easy, we view this as a necessary step in TGT's turnaround strategy. The move also helps ease investor concerns around incoming CEO Michael Fiddelke, whose internal promotion had raised questions about his ability to drive change after several years of underperformance. In our view, this restructuring signals that Fiddelke is willing to make decisive, and potentially uncomfortable, moves early in his tenure. Execution will now be key, as a leaner corporate structure should allow faster decision-making and greater innovation, helping TGT recapture some of the agility and appeal that once earned it the nickname "Tarzhay." We maintain a Buy rating on what we see as low consensus expectations and a compelling valuation.