Goldman Sachs Comments on Target's (TGT) CEO Change

Target (TGT) CEO Departure a 'Logical Step', Nomura Says

Nomura Securities analyst Robert Drbul weighed in on Target (NYSE: TGT) after the company announced that Gregg Steinhafel will step down from his role as chairman, president, and CEO, effective immediately. John Mulligan, EVP and CFO, will serve as interim President and CEO,... More

UPDATE: MKM Partners Downgrades Target (TGT) to Neutral

(Updated - May 6, 2014 10:56 AM EDT)

MKM Partners downgraded Target (NYSE: TGT) from Buy to Neutral with a price target of $63.00 (from $71.00). Analyst Patrick McKeever thinks news the company's CEO is stepping down adds even more uncertainty and... More

Moody's Sees Target (TGT) CEO Departure as Credit-Negative Event

In a release published earlier today, and available on Moodys.com. Moody's Investors Service stated that the sudden departure of Target Corporation (NYSE: TGT) Chairman, Chief Executive Officer, and President Gregg Steinhafel was a credit negative, though no action will be taken on the A2/Prime-1 ratings or the stable outlook at this time.... More

Target Corp. (TGT) CEO, Chairman Steinhafel to Step Down

Target's. (NYSE: TGT) board of directors issued the following statement today:

John J. Mulligan

Today we are announcing that, after extensive discussions, the board and Gregg Steinhafel have decided that now is the right time for new leadership at Target. Effective immediately, Gregg will step down from his positions as Chairman of the Target board of directors, president and CEO. John Mulligan, Targets chief financial officer, has been appointed as interim president and chief executive officer. Roxanne S. Austin, a current... More