Target’s stock plunged 11% after announcing Michael Fiddelke as CEO, disappointing analysts who expected an outsider. Fiddelke vows to boost growth. Analysts voice mixed reactions, with some favoring an external hire to revitalize the retailer. Fiddelke’s internal promotion raises questions about changing Target’s trajectory and strategy. Smooth transition anticipated.

Read more at Yahoo Finance: Target’s new CEO faces uphill task to gain investor confidence: Quote Box