For the New Walmart and Target CEOs, It's 'Continuation' vs. 'Reinvention'

Core Insights - New CEOs Michael Fiddelke at Target and John Furner at Walmart are stepping into contrasting situations, with Target needing a turnaround and Walmart focusing on growth [1][6] Group 1: Company Performance - Target has experienced a decline in revenue year-over-year for the past four quarters, with a more than 20% drop in share prices over the past year [1][3] - Walmart, in contrast, has seen strong sales growth and has successfully attracted higher earners by emphasizing low-priced essentials and same-day delivery [4][5] Group 2: CEO Strategies - Fiddelke aims to leverage technology, enhance the shopping experience, and improve merchandise offerings, including the use of AI, to revitalize Target [3] - Furner believes in the effectiveness of Walmart's focus on automation and e-commerce, contributing to the company's momentum and recent stock performance [5] Group 3: Market Expectations - Analysts have set a price target of about $94 for Target shares, which are currently trading around $110, indicating skepticism about a near-term recovery [3] - Walmart shares are trading at approximately $124, with an average price target of roughly $125, reflecting confidence in the company's ongoing strategy [5]