Target price target raised to $107 from $104 at RBC Capital

RBC Capital analyst Steven Shemesh raised the firm’s price target (TGT) on Target to $107 from $104 and keeps an Outperform rating on the shares. Over the past few years, Target’s competitive positioning relative to its peers has worsened in key areas such as supply chain capabilities, merchandise assortment, and the customer experience, though the leadership transition announced with the company’s results serves as an opportunity to address some of these issues, the analyst tells investors in a research note. RBC adds that it is hopeful that the company announces a reinvestment cycle and re-bases 2026 EPS expectations lower.