Target’s (NYSE: TGT) Initiatives, Alternative Profit Segments Seen Driving Results

Target  (NYSE: TGT) will likely get back to growing both its sales and profits this year as the company prepares to grow alternative profit segments, UBS analysts say in a research note. The company should benefit from sequentially improved year-over-year growth rates in discretionary categories during November and December, even if the retail giant will likely forecast flattish sales. Furthermore, a potential launch of a membership program would help the company turn around the debate around losing market share, and its roundel advertising business should allow it boost its results, analysts say.

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