0841 ET - Target has quietly emerged as one of the best-performing large-cap retailers so far this year, Jefferies says, with shares up 25% year-to-date. The analysts credit the outperformance to tangible improvements under new CEO Michael Fiddelke, and management commentary pointing to positive year‑over‑year sales in February and improving trends late in the quarter. "The setup into the rest of '26 remains attractive," the analysts say, noting the retailer's momentum can continue. "With margins stabilizing, traffic improving, and a clearer earnings bridge into FY26, this increasingly looks like the early innings of a steadier recovery, in our opinion," they say. (connor.hart@wsj.com)

(END) Dow Jones Newswires

April 07, 2026 08:41 ET (12:41 GMT)

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