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As if Target didn't have enough headaches on its plate with a nationwide boycotting campaign targeting the grooming-friendly retailer sending its sales tumbling after it too was Budlighted, one can also add a JPM downgrade (from Overweight to Neutral) and price target cut (from $182 to $144) into the mix.
In a note from JPM Chris Hoovers, he explains that he is downgrading TGT to Neutral based on the following: . . .
Source Article (zerohedge.com)
>As if Target didn't have enough headaches on its plate with a nationwide boycotting campaign targeting the grooming-friendly retailer sending its sales tumbling after it too was Budlighted, one can also add a JPM downgrade (from Overweight to Neutral) and price target cut (from $182 to $144) into the mix.
>In a note from JPM Chris Hoovers, he explains that he is downgrading TGT to Neutral based on the following:
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[Source Article](https://www.zerohedge.com/markets/target-plunges-10th-day-boycott-results-traffic-weakness-jpm-downgrade-adds-groom-and-doom)
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