On Thursday, JPMorgan downgraded Target’s stock from “overweight” to “neutral” as the shopping giant experiences its longest losing streak on its stock in 23 years.
According to MarketWatch, Target’s stock ended Wednesday’s session down 2.2 percent. This marks the ninth straight day of decline, and it is the company’s longest losing streak on its sock since an 11-day stretch in February of 2000.
In premarket trading on Thursday, Target shares fell an additional 1.7 percent. The stock has fallen 12.2 percent so far in 2023.
BREAKING: JP Morgan just downgraded Target's stock, after its longest losing streak in 23 years citing "too many concerns rising’.
Happy Pride Month Target!!
— Charlie Kirk (@charliekirk11) June 1, 2023
Continued…
Approved ~ MJM
