Target dips after leadership shake-up​

Target Corp TGT.N named longtime exec Lisa Roath as operating chief in a leadership reshuffle, and retailer's shares slip 1.1% to $114.30 on Tues

The move, which includes the departure of two senior execs, is part of new CEO Michael Fiddelke's efforts to streamline operations and revive sales

TGT reiterated its Q4 sales and full-yr adj profit forecast, while analysts expect qtrly rev down 1% yr/yr to $30.54 bln, per LSEG data

Stock recently traded at 15x fwd earnings, vs its 5-yr avg of 16x, suggesting it may be close to fairly valued

Including move on the session, shares up ~17% YTD vs 2% rise for the S&P 500 .SPX. Still, the stock is ~14% below its 52-wk intraday high of $132.47

Of 40 analysts, recommendation breakdown is 12 "strong buy", 23 "hold" and 5 "sell" or "strong sell"

Median PT of $100 up from $97 a month ago

​