Jim Cramer Believes New Management is Successfully Bringing Back Target’s Old Magic

Target Corporation (NYSE:TGT) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Cramer mentioned that he expects good earnings from the company, as he said:

Wednesday, we have Target in the morning, and I think it’s going to repeat its terrific performance from three months ago. New management’s trying, so far successfully, to bring back some of the old magic.

A stock market data. Photo by AlphaTradeZone on Pexels

Target Corporation (NYSE:TGT) is a retailer that sells clothing, beauty items, groceries, electronics, home goods, and everyday essentials. Cramer called it a “standout” during the March 23 episode, as he remarked:

Target has been a standout. I was concerned that it might give up the ghost since the war with Iran started, but the stock’s really hung in there. It’s up nearly 18% for the year. A nice beginning for new CEO Michael Fiddelke.

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