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Target Raises 2026 Guidance, Adds $4 Billion Credit Facility and Names First AI Officer

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Sig2.95Sen+4.15Env0.00Soc+0.35Gov+1.05

Target shares rise after lifting 2026 full-year guidance and increasing expected earnings. The retailer also secured a new US$4.0 billion unsecured revolving credit facility to expand financial flexibility, and appointed its first chief AI officer to sharpen its technology focus, pairing a stronger outlook with additional liquidity and digital investment priorities.

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