Tomahawk, WI 09/15/2014 (Basicsmedia) – Target Corporation (NYSE:TGT) and Coach Inc. (NYSE:COH) are some of the stocks that have been underperforming in the market according to the Fast Money crew on CNBC but with huge upside potential going forward. Target is coming out of a rough patch with its sales having been on a downward trend for the better part of last year.

The appointment of a new CEO, Brian Cornell, has resurrected hope according to CNBC’s Timothy Seymour that Target Corporation (NYSE:TGT) could finally rally again in the market. Target is reportedly planning to narrow its focus on high-profit margin specialties, such as fashion, baby kits and wellness products.

“[…] People have assumed Target Corporation (NYSE:TGT) is a broken company, so we know about the security breach. The Canadian operations are’ absolutely broken, but if you think about what the estimates are for this company now. I wish i was able to do this segment a week ago because the stock has rallied-off of the lows, but the stock still $62 right now at the level before we actually had the worst of the news, “said Mr. Seymour.

Target has already given out a conservative guidance for the second half of the year which according to Seymour signals a turnaround in the company’s performance going forward. A 3% dividend yield also makes the stock exciting, according to Seymour. Target Corporation (NYSE:TGT) is also moving away from its food business where margins are thin, to focus more on high yield businesses.

Pete Najarian believes that with the hiring of a new CEO, as well as the’ initiation of a growth strategy, Target’s stock could climb highs of $70 a share by the end of the year.

Coach Inc. (NYSE:COH) is another ‘trash’ stock according to Mr. Najarian that is coming out of a terrible run and appearing to be finding its way in the market. Change of management and personnel at Coach, according to Najarian is an indication that the stock could gain some momentum going forward.

“[…] They are changing staff at the Management area; they are changing some of the personnel there. When you look at the product mix, as well, going more towards men, trying to figure out other ways to get into clothing not just bags and the rest. I think there are areas of growth there, and when you look where they are trading right now the PE level, I think it is too cheap,” said Mr. Najarian.

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