01:25 PM EDT, 08/20/2025 (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:

We up our 12-month target to $117 from $99, 13x our FY 27 (Jan.) EPS of $9.01 (from $8.22; FY 26's at $7.69 from $7.07) vs 16x long-term mean. We view sell-off on August 20 as overdone. While investors had hoped for an external CEO hire who could bring fresh perspective, we think Fiddelke's two decades of experience at TGT could enable a faster turnaround. Our upgrade to Buy reflects better-than-expected FQ2 results and what we see as low consensus expectations and a compelling valuation vs big-box peers. We are encouraged by sequential comp improvement in FQ2 (with June/July comps better than May) and expect better 2H FY 26 gross margins from cleaner inventory levels, easing tariff headwinds, improved category mix, improvements in shrink, and continued growth in high-margin alt. revenue streams. Focus will be on execution and whether TGT can bring back its "Tarzhay" magic through newness and affordable price points while improving the guest experience via cleaner shelves/stores and better labor availability.