Target's Apparel, Home Categories Could Drive Growth, UBS Says

02:57 PM EST, 11/09/2026 (MT Newswires) -- Target's (TGT) Apparel and Home categories could provide the next leg of growth as the retailer works to sustain sales momentum, UBS said in a note. The brokerage said merchandising changes that have benefited Food and Beverage and Beauty have yet to show the same impact in Apparel and Home. Because these categories have longer product development cycles, UBS expects future assortments to reflect the changes. Target's store dwell time improved on a two-year stack basis, UBS said, noting that this is a favorable sign for Apparel and Home as shopping typically involves more browsing and comparing. UBS estimates that 2% growth in Apparel and Home in fiscal 2027 could support enterprise comparable sales growth of about 3%, assuming other categories retain some of their fiscal 2026 momentum. UBS maintained the company's buy rating and $185 price target. Price: 166.66, Change: +8.25, Percent Change: +5.21