Target Corporation (TGT) shares fell 3.05% to $107.89 amid broad market declines, driven by escalating trade war fears following President Trump's new tariff threats announced at Davos.
- The risk-off sentiment was fueled by threats of tariffs on European nations over Greenland, potentially escalating to 25% by June 2026.
- Despite the market pressure, TGT is focusing on FY26 as a turnaround year, committing $5 billion in capital expenditure for technology and store remodels.
- The company is also preparing for a leadership change as CEO Brian Cornell is set to retire on February 1.