Why Target (TGT) Shares Are Falling
Portfolio Pulse from Henry Khederian
Target Corp (TGT) shares are down 2.64% after Citigroup downgraded the stock from Buy to Neutral. The stock has also fallen 19% over the past month due to calls for a social media boycott and concerns over Target's margins being impacted by student loan payment resumption.
June 09, 2023 | 7:35 pm
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NEGATIVE IMPACT
Target's stock is down 2.64% after a Citigroup downgrade and ongoing social media boycott. The stock has fallen 19% over the past month.
Target's stock is being negatively impacted by the Citigroup downgrade from Buy to Neutral, which may cause investors to reevaluate their positions. Additionally, the ongoing social media boycott and concerns over margins being impacted by student loan payment resumption are contributing to the stock's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100