In June, JP Morgan downgraded their outlook for Target as the retailer continues to suffer through its longest losing streak in 23 years.
Nasdaq reported: On June 1, 2023, JP Morgan downgraded their outlook for Target (NYSE:TGT) from Overweight to Neutral. Analyst Price Forecast Suggests 40.86% Upside.
Target started to see a significant decline in its stock shares as a result of mounting backlash and widespread calls for a boycott over its satanic and woke LGBT children’s merchandise.
Target’s massive ‘Pride’ Section, devoted to trans and LGBTQ kids’ clothing including “tuck-friendly swimwear for kids” and chest binders, is displayed at the front of each store nationwide.
The collection includes shirts and bags with messages that include, “live laugh lesbian,” “cure transphobia not trans people,” “too queer for here,” and “we belong everywhere.” READ MORE