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!
Nothing surprising here...
Much of the retail sector is gettin hammered...
Here’s a comparison between Target and Kohls:
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.
I almost wish we shopped there so we could stop.
Target’s first strike for me was banning self defense protection and not providing any. They died to me.
Freepers keep heralding CW2. We don't need that. We just need to get medieval on our enemies, both domestic and foreign.
Weaponized targeted boycotts work.
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...................😜
dont get between a mama bear and her cubs
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.
Try shooter with straighter arrows. 🎯
Same here. It would take a 35-40 minute drive to get there. I’ll just continue my existing boycott of them.
Target should’ve thought of that before appeasing the alphabet mafia.
And don’t put funny pics of males on our beer.
Target is now Off-Target.
That’s a shame
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.
Not losing enough, I’m afraid.
“So, it comes”
Lt.Savik
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.
June would be a good month to express one’s corporate disapproval.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.