Target names Michael Fiddelke CEO; shares drop

* Target (NYSE:TGT [https://seekingalpha.com/symbol/TGT]) on Wednesday appointed [https://seekingalpha.com/pr/20206135-target-appoints-michael-fiddelke-as-chief-executive-officer]Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and become a member of its Board of Directors.
* Cornell and Fiddelke will work together throughout the transition, and on Feb. 1, 2026, Fiddelke will join the Board of Directors, with Cornell moving into the role of executive chair.
* An announcement about the company's next chief operating officer will be made at a later date.
* Target (NYSE:TGT [https://seekingalpha.com/symbol/TGT]) shares fell about 8% in premarket trading as CEO appointment overshadowed earnings beat. [https://seekingalpha.com/news/4487322-target-non-gaap-eps-of-2_05-beats-by-0_01-revenue-of-25_21b-beats-by-310m]

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* Target: Recent Struggles Show A Surprising Reality For This Retailer [https://seekingalpha.com/article/4805500-target-recent-struggles-show-a-surprising-reality-for-this-retailer]
* Target Non-GAAP EPS of $2.05 beats by $0.01, revenue of $25.21B beats by $310M, appoints Michael Fiddelke as next CEO. [https://seekingalpha.com/news/4487322-target-non-gaap-eps-of-2_05-beats-by-0_01-revenue-of-25_21b-beats-by-310m]
* Low bar sets stage for potential Target earnings surprise [https://seekingalpha.com/news/4486718-low-bar-sets-stage-for-potential-target-earnings-surprise]