Analyst on Target (TGT): ‘A Lot of Work to Do’

Group 1 - Target Corp (NYSE:TGT) is facing significant challenges and is lagging behind competitors, necessitating substantial changes within the company [1][2] - The recent appointment of a new CEO, promoted from within, has not been well-received by the market, with expectations for a more dynamic outsider [2] - The competitive landscape is intensifying, highlighted by Amazon's strong performance during its Prime Day, with traffic up nearly 20% [2] Group 2 - Matrix Asset Advisors has increased its position in Target Corp (NYSE:TGT) after taking profits during Q1 volatility, indicating a strategic move to capitalize on potential recovery [3] - The firm has entered the current quarter with a higher-than-usual cash balance, allowing for the addition of lagging stocks like Target [3] - Despite acknowledging Target's potential, there is a belief that certain AI stocks may offer better returns with lower risk, suggesting a cautious outlook on Target compared to other sectors [4]