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Target Upgraded to Outperform by Telsey as Retailer Shows Early Signs of Sales Recovery

Mar 4, 2026

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Target Upgraded to Outperform by Telsey as Retailer Shows Early Signs of Sales Recovery

Shares of Target Corporation rose for a second consecutive session Wednesday after Telsey Advisory Group upgraded the retailer to Outperform from Market Perform, citing confidence in the company's strategy to recapture its merchandising identity and leverage AI across store operations. The upgrade follows a Tuesday earnings report in which CEO Michael Fiddelke said Target is "out of the gates strong" in 2026 after reporting a February sales increase that marked the company's first monthly gain in several quarters.

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TargetTGTretail stocksanalyst upgradeconsumer discretionarycomparable salesAI retailTelsey Advisory
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