UBS says Target’s turnaround is improving sentiment, but timing unclear
UBS analysts say investor sentiment toward Target has swung over the past year as the retailer’s turnaround strategy has begun to bear fruit, with a few quarters of mid-single-digit comparable sales growth changing the narrative.
Investor sentiment toward Target has swung dramatically over the past year, UBS analysts say in a research note, as the retailer's turnaround strategy has begun to bear fruit. "A few quarters of mid-single-digit comparable sales growth have meaningfully altered the narrative," the analysts say. "Th…