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Investors Exit Downgraded Target Stock

Investors Exit Downgraded Target Stock
A Target department store in North Miami Beach, Fla., on May 17, 2023. Joe Raedle/Getty Images
Naveen Athrappully
Naveen Athrappully
7/16/2023|Updated: 7/17/2023
0:00

Mega retailer Target hasn’t recovered from consumer boycotts triggered after the company promoted Pride merchandise, with share prices and market cap declining significantly along with financial and popularity metrics.

American consumers started boycotting Target in May, after the retail chain rolled out its Pride collection, which included some items that targeted children, including books, home décor products, and transgender swimsuits for adults with a “tuck-friendly” feature.
Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
Target Corp
conservative boycott
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