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Sector Update: Consumer

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Consumer stocks were mixed late Friday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.5% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) fractionally lower.

In corporate news, Target (TGT) is showing early signs of a potential multiyear turnaround after a strong start to 2026, with UBS Securities saying the retailer's transformation has multiple stages beyond the initial comp recovery. UBS has a buy rating on the stock and a price target of $144. Target shares were up 2.1%.

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