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Target stock is on fire in April. Here's why. [Yahoo! Finance]
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But its stock is up 8% in April compared to a 3.3% gain for rival Walmart ( WMT ), and that relative outperformance has caught my attention. Here's why Target's stock has come alive: A new note from Goldman Sachs retail analyst Kate McShane helps to explain the newfound optimism on Target. "During our recent store checks, we have noticed a few in-store changes, including an updated baby area and larger Threshold display. Per management, these are some of the bigger changes, particularly in baby, while in 2Q, we should expect to see more changes in home, primarily from an assortment perspective, along with some Threshold shop-in-shops," McShane said. "Management explained that each week and quarter, the customer should feel the level of newness and change turn up slightly, noting there will not be one month where the store feels completely different." Put simply, Target under new CEO Michael Fiddelke is trying to better cater to its customers' needs, creating easier-to-shop st
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