Target Corp TGT shares are trading lower by 2.25% to $127.96 Thursday morning. The stock is falling after JP Morgan analyst Christopher Horvers on Thursday downgraded the stock from Overweight to Neutral and lowered the price target from $182 to $144.
Target shares have fallen some 9.5% over the trailing five sessions due to ongoing weakness prompted by calls for a social media boycott.
So What's Happening With The Boycott?
In response to customer backlash, Target recently made the strategic decision to withdraw specific products from its Pride Collection, as reported by Reuters. This action was taken by the retailer to prioritize the safety of its employees.
Target's inclusive Pride Collection consists of a wide assortment of 2,000 products, encompassing clothing, books, music, and home furnishings.
Despite its history of actively commemorating Pride Month, the retailer has garnered increased attention on social media platforms this year...Read More
According to data from Benzinga Pro, TGT has a 52-week high of $183.89 and a 52-week low of $126.75.
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