What's Going On With Target Shares
Portfolio Pulse from Henry Khederian
Target Corp (NYSE:TGT) shares are trading lower by 2.25% to $127.96 after JP Morgan analyst Christopher Horvers downgraded the stock from Overweight to Neutral and lowered the price target from $182 to $144. The stock has been affected by ongoing weakness prompted by calls for a social media boycott due to Target's Pride Collection.
June 01, 2023 | 2:56 pm
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NEGATIVE IMPACT
Target shares are down 2.25% after JP Morgan downgraded the stock and lowered the price target. The stock is affected by a social media boycott over its Pride Collection.
Target's stock price is directly impacted by the downgrade from JP Morgan analyst Christopher Horvers, who lowered the price target from $182 to $144. Additionally, the ongoing social media boycott over Target's Pride Collection has contributed to the stock's decline. The combination of these factors is likely to result in a short-term negative impact on Target's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100