The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
US News

Target’s Stock Downgraded by JPMorgan Analyst Amid Backlash

Target’s Stock Downgraded by JPMorgan Analyst Amid Backlash
People shop at a Target store in Chicago, Ill., on Nov. 25, 2022. Jim Vondruska/Reuters
Jack Phillips
Jack Phillips
Breaking News Reporter
6/1/2023|Updated: 6/1/2023
0:00

Target Corporation’s stock was downgraded to neutral from overweight Thursday by JPMorgan, which cited “too many concerns” with the retail giant.

Over the past 30 days, Target’s stock dropped some 18 percent amid calls for a backlash against the chain in connection to its decision to sell LGBT-themed items and clothes, including onesies for children and books instructing kids to use transgender pronouns. A number of social media users, starting in May, called on others to boycott the company.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
twitter
Author’s Selected Articles

Mississippi Declares Health Emergency Over Increasing Infant Mortality Rate

Aug 25, 2025
Mississippi Declares Health Emergency Over Increasing Infant Mortality Rate

US Fighters Intercept Russian Aircraft off Alaska 3 Times in a Week: NORAD

Aug 25, 2025
US Fighters Intercept Russian Aircraft off Alaska 3 Times in a Week: NORAD

FBI Announces 1,000 Arrests Since Federal Government Took Over DC Police

Aug 25, 2025
FBI Announces 1,000 Arrests Since Federal Government Took Over DC Police

Judge Bars Government From Blocking Funding to 34 Cities, Counties Over Sanctuary Policies

Aug 25, 2025
Judge Bars Government From Blocking Funding to 34 Cities, Counties Over Sanctuary Policies
Related Topics
Target
boycott
Add to My List
Save
The Epoch Times
To ensure we reach the high standards of reliability and neutrality that you expect from us, we are engaging with Ad Fontes Media to analyze our content. If you find an article you think falls short of the standard, please submit the link through this form.
Copyright © 2000 - 2025 The Epoch Times Association Inc. All Rights Reserved.