That is a known problem with 20.03, and it is fixed in trunk.
As a workaround, once the project is loaded try View -> Toolbars -> Fit toolbars or Optimize toolbars; last time it worked for me.
EDIT: Instructions above are for target selection using the wxChoice in the toolbar, you can use it instead of the menu.
EDIT2: The target menu has a built-in limit:
const int maxTargetInMenus = 40;
When it is reached, a "More targets available..." menu item is created, but it is disabled!. I will investigate further...
EDIT3: The last menu item is not intended to be clicked, it is a reminder to use the first menu item. This is very confusing.