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JP Morgan downgrades Target ... company is on largest losing streak in over two decades!
Not The Bee ^ | Jun 2, 2023 | Staff

Posted on 06/02/2023 1:08:11 PM PDT by Red Badger

More good Pride Month news coming from the corporate world!

Target is paying the price for pushing transgenderism on kids.

JP Morgan just downgraded Target's stock as an ongoing boycott of Target has hurt the stores' bottom line, losing them TENS OF BILLIONS of dollars.

According to CNBC, JP Morgan Chase is downgrading Target's stock because the conservative moms' boycott is actually working.

JP Morgan Chase thinks Target may be in for turbulent times ahead. The bank downgraded the retail giant to neutral from overweight Thursday, with a $144 price target, down from $182. The firm's new forecast implies about 10% upside for Target stock from Wednesday's $130.93 per share close.

According to MarketWatch, this is Target's longest losing streak in 23 years! The real value of that loss is estimated to be $27 billion.

This is bad, bad news for Target and is one of the very few instances of "Get woke, go broke" actually working.

"We continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods (51% of [Target's] sales) is ongoing," wrote JPMorgan analyst Christopher Horvers...

"While still positive on a [three-year] basis, [Target] has been giving back share on a [one-year] view and we believe this share loss could accelerate into back to school and linger into holiday given consumer pressures and recent company controversies," wrote Horvers. "This could turn [Target's] traffic negative after an impressive run of 12 consecutive positive quarters."

Keep up the good work, people!


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: retail; stock; targay; target
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1 posted on 06/02/2023 1:08:11 PM PDT by Red Badger
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To: Red Badger

Nothing surprising here...

Much of the retail sector is gettin hammered...

Here’s a comparison between Target and Kohls:

https://www.google.com/search?q=nyse:tgt+compare&rlz=1C5CHFA_enUS903US903&biw=1594&bih=919&ei=zEx6ZK-aKPGq5NoP3POh8AI&ved=2ahUKEwi0ycW1sqX_AhWaMlkFHceLBbwQyNoBKAB6BAgSEAA&uact=5&oq=target+stock&gs_lcp=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&sclient=gws-wiz-serp&si=AMnBZoFohHxyufKTp3Q7DhDR8hpwmme2DFpxYJv8EEt4IsgrdNvx0aki-E5c-ew-9Y1iVmjysKoPWHcS7OT8I5Kzii9W76i-BMo7iECrKeTaUOtKv6Mv3AQV9VB7XPiB8QreysjXxR7V&ictx=1

Walmart’s been doing a little better, but they are a lower end brand.

The Economy is absolute $#1T under Biden.

The Pride thing is the least of Targets worries honestly.


2 posted on 06/02/2023 1:13:34 PM PDT by HamiltonJay
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To: Red Badger

I almost wish we shopped there so we could stop.


3 posted on 06/02/2023 1:14:28 PM PDT by cdcdawg (Our empire of sodomy is failing as it should. How else could it go? )
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To: Red Badger

Target’s first strike for me was banning self defense protection and not providing any. They died to me.


4 posted on 06/02/2023 1:14:32 PM PDT by bicyclerepair (Let's Go Brandon!)
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To: Red Badger
Only if, and when, conservatives constitute a "sleeping giant filled with terrible resolve", can we slow down America's collapse.

Freepers keep heralding CW2. We don't need that. We just need to get medieval on our enemies, both domestic and foreign.

5 posted on 06/02/2023 1:15:14 PM PDT by LouAvul (Daniel 4:17: "..the most High ruleth in the kingdom of men, and giveth it to whomsoever He will.." )
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To: Red Badger

Weaponized targeted boycotts work.


6 posted on 06/02/2023 1:16:39 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: cdcdawg

It’s clear across town from us so we don’t normally go there for anything.

Maybe we should just go over there and drive by...................😜


7 posted on 06/02/2023 1:16:45 PM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

dont get between a mama bear and her cubs


8 posted on 06/02/2023 1:16:57 PM PDT by joshua c (to disrupt the system, we must disrupt our lives, cut the cable tv)
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To: Red Badger

Target went for the kids. The Pride merch and rainbows were ignored, until they came for the kids. This is seriously hurting an already stressed retail sector. It may be the end for Target. Seriously.


9 posted on 06/02/2023 1:23:10 PM PDT by One4Life (It's all about control )
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To: Red Badger

Try shooter with straighter arrows. 🎯


10 posted on 06/02/2023 1:27:02 PM PDT by Leep (What skill or service did the biden family have that netted them tens of millions of dollars?)
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To: Red Badger

Same here. It would take a 35-40 minute drive to get there. I’ll just continue my existing boycott of them.


11 posted on 06/02/2023 1:28:12 PM PDT by cdcdawg (Our empire of sodomy is failing as it should. How else could it go? )
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To: Red Badger

Target should’ve thought of that before appeasing the alphabet mafia.


12 posted on 06/02/2023 1:28:50 PM PDT by No name given (Anonymous is who you’ll know me as)
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To: joshua c

And don’t put funny pics of males on our beer.


13 posted on 06/02/2023 1:29:04 PM PDT by Leep (What skill or service did the biden family have that netted them tens of millions of dollars?)
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To: Red Badger

Target is now Off-Target.


14 posted on 06/02/2023 1:29:38 PM PDT by windsorknot
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To: Red Badger

That’s a shame


15 posted on 06/02/2023 1:56:38 PM PDT by xp38
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To: Red Badger

Have there been any reports of what their delusional CEO Brian Cornell has to say just days after his crowing and preening about how his DEI agenda is “good for the brand” ?

He along with Ms Bud Light (Alissa Heinersheid) is destined to be immortalized in case studies at Harvard Business School on how to destroy shareholder value while feeling really, really good about your moral superiority.


16 posted on 06/02/2023 2:35:33 PM PDT by Strident ("Hi, my name is Joe and I am powerless over making $#!7 up")
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To: Red Badger

Not losing enough, I’m afraid.


17 posted on 06/02/2023 3:06:04 PM PDT by Republican Wildcat
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To: Red Badger

“So, it comes”

Lt.Savik


18 posted on 06/02/2023 3:25:56 PM PDT by Fai Mao (Starve the beast and steal its food!)
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To: Red Badger

I’ve never gone to a Target store and found what I wanted. Do it 3 or 4 times and you do not go back. Add in their woke politics that I now despise and my interest in Target is gone.


19 posted on 06/02/2023 4:24:47 PM PDT by apoliticalone (We need real justice not fictitious SOCIAL JUSTICE & DEI that is politics & propaganda, not justice.)
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June would be a good month to express one’s corporate disapproval.


20 posted on 06/02/2023 4:59:57 PM PDT by Gene Eric (Don't be a statist!)
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