{"id":1944877,"date":"2023-06-05T21:59:01","date_gmt":"2023-06-06T01:59:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-slammed-with-more-bad-news-after-consumer-outrage-boycott\/"},"modified":"2023-06-05T22:01:28","modified_gmt":"2023-06-06T02:01:28","slug":"target-slammed-with-more-bad-news-after-consumer-outrage-boycott","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-slammed-with-more-bad-news-after-consumer-outrage-boycott\/","title":{"rendered":"Target faces more bad news due to consumer outrage and boycott."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftarget-slammed-with-more-bad-news-after-consumer-outrage-boycott%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1944877&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Target&#8217;s Stock Takes Another Hit Amid Boycott and Consumer Headwinds<\/h2>\n<p>Target&#8217;s image and sales have been on the decline, and the retailer received another blow on Monday. The company has been facing a conservative-led boycott due to its promotion of &#8220;pride&#8221; month items and in-store displays. Target has since pulled back some displays and products, leading to criticism from LGBT advocates. As of mid-May, Target announced that its first-quarter sales were essentially flat. Now, Target Corp.&#8217;s stock has been downgraded by KeyBanc Capital Markets, with the company listed at sector weight, a reduction from its previous rating of overweight.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Target faces continued stock losses and a downgrade from KeyBanc Capital Markets as Congress\u2019 debt ceiling agreement poses a headwind for discretionary spending, with students resuming loan payments. After already being downgraded by JP Morgan last week,\u2026 <a href=\"https:\/\/t.co\/mBFUPBbtbU\">https:\/\/t.co\/mBFUPBbtbU<\/a><\/p>\n<p>\u2014 AM1_NEWS (@am1_news) <a href=\"https:\/\/twitter.com\/am1_news\/status\/1665845492348252161?\">June 5, 2023<\/a><\/p>\n<\/blockquote>\n<p>KeyBanc analyst Bradley Thomas wrote that &#8220;while we still believe in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/target-slammed-with-more-bad-news-after-consumer-outrage-boycott\/\" title=\"Target faces more bad news due to consumer outrage and boycott.\">long-term margin recovery story<\/a>, we downgrade TGT to SW given increasing consumer headwinds over the next 12-18 months.&#8221; Thomas cited the resumption of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-releases-list-of-president-trumps-accomplishments-and-it-is-historic\/\" title=\"White House Releases List of President Trump\u2019s Accomplishments \u2013  And It Is Historic!\">student loan payments<\/a> as a &#8220;sizeable&#8221; headwind for consumer spending. Target&#8217;s stock price has fallen 20 percent this quarter, with shares falling another 2.03 percent on Monday.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Target shares plunge 2% as market cap down over $13 billion amid Pride backlash <a href=\"https:\/\/t.co\/FRieNeIPEV\">https:\/\/t.co\/FRieNeIPEV<\/a><\/p>\n<p>\u2014 Terri Green (@TerriGreenUSA) <a href=\"https:\/\/twitter.com\/TerriGreenUSA\/status\/1665843383154139140?\">June 5, 2023<\/a><\/p>\n<\/blockquote>\n<p>Former Target Vice Chairman Gerald Storch said that the boycott tipped Target over the edge when it was already struggling. Storch noted that Target&#8217;s decline in stock began on May 18th, the day Walmart reported a seven percent gain in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/walmart-is-winning-the-inflation-wars\/\" title=\"Walmart Is Winning the Inflation Wars\">comp store sales<\/a>. Target had reported flat sales, leading to an unfavorable comparison. While the boycott is part of the problem, Storch said Target&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/minnesota-will-soon-make-teachers-endorse-child-mutilation-to-get-a-license\/\" title=\"Minnesota Will Soon Make Teachers Endorse Child Mutilation To Get A License\">issues run deeper<\/a> than &#8220;pride&#8221; month.<\/p>\n<p>It remains to be seen whether Target can recover from its recent setbacks.<\/p>\n<h3>Key Takeaways:<\/h3>\n<ul>\n<li>Target&#8217;s stock has been downgraded by KeyBanc Capital Markets, with the company listed at sector weight, a reduction from its previous rating of overweight.<\/li>\n<li>Increasing consumer headwinds over the next 12-18 months, including the resumption of student loan payments, are cited as reasons for the downgrade.<\/li>\n<li>Target&#8217;s stock price has fallen 20 percent this quarter, with shares falling another 2.03 percent on Monday.<\/li>\n<li>Former Target Vice Chairman Gerald Storch said that the boycott tipped Target over the edge when it was already struggling, but noted that Target&#8217;s issues run deeper than &#8220;pride&#8221; month.<\/li>\n<\/ul>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\/target-slammed-bad-news-consumer-outrage-boycott\/\">Target Slammed with More Bad News After Consumer Outrage, Boycott<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Target&#8217;s stock took another hit on Monday as the retailer&#8217;s image and sales continue to decline. A conservative-led boycott has been affecting the company due to its promotion of &#8220;pride&#8221; month items and in-store displays. Target has since removed some of these displays and products, causing backlash from LGBT advocates.<\/p>\n","protected":false},"author":661,"featured_media":1944878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[7086,6812,3833,4133,6955,4650],"class_list":["post-1944877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily","tag-bad","tag-boycott","tag-consumer","tag-news","tag-outrage","tag-target"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1944877"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1944877\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1944878"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1944877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1944877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1944877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}