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   From: help_target_die@splcenter.org   
      
   Viktor Tandofsky  wrote in   
   news:svj67l$1uedv$59@news.freedyn.de:   
      
   > Lee wrote   
   >   
   >> Target needs to go out of business.  They have not learned the lesson.   
      
   Target’s market cap has fallen over $15.7 billion amid backlash to   
   decisions surrounding LGBTQ Pride merchandise as the stock dropped another   
   0.4% on Monday.   
      
   Target’s market value was over $74 billion before the Pride displays made   
   national news, as tracked by Dow Jones Market Data Group. The retailer   
   initially irked conservatives with Pride displays that featured items such   
   as assorted children’s apparel and "tuck-friendly" women's swimsuits, but   
   some in the LGBTQ community also became outraged when the displays were   
   dialed back ahead of Pride Month.   
      
   Shares fell to $126.48 when the market closed Monday after eclipsing $161   
   just last month. Three Wall Street firms have since downgraded the shares   
   on concerns over slowing sales. Target shares are just shy of a 52-week   
   low of $125.08.   
      
   ROGAN ROASTS TARGET, BUD LIGHT FOR LOSING BILLIONS FROM BACKLASH: 'STOP   
   SHOVING THIS DOWN EVERYBODY’S THROAT'   
      
   Citi analyst Paul Lejuez lowered the stock on Friday to neutral from buy   
   and pitted the troubled retailer against rival Walmart, which Lejuez said   
   would begin gobbling up market share.   
      
   Considering the competitive landscape, "We believe Walmart is likely to   
   continue gaining market share, and Target's high exposure to discretionary   
   sales will not serve them well in the current macro backdrop," Lejuez said   
   in a note.   
      
   "Despite the recent stock pressure, we cannot recommend investors buy the   
   stock given these dynamics and now believe the risk, reward is more   
   balanced, but risk is more to the downside near term," he continued.   
      
   Lejuez also highlighted Target's 13.9%-drop in store traffic the final   
   week in May as inflationary pressures subdued consumer spending over   
   Memorial Day weekend. This drop coincided with the Pride controversy   
   making national news.   
      
   Also last week, KeyBanc Capital Markets cut the retailer's shares to   
   "sector weight" from "overweight" as the resumption of student loan   
   payments stipulated by Congress' debt ceiling agreement poses a sizable   
   headwind for discretionary spending for shoppers, which has an elevated   
   discretionary sales mix and a younger, college-educated core consumer   
   demographic.   
      
   JPMorgan Chase also downgraded Target's stock earlier this month, with   
   analysts citing the possibility of a decline in sales due to consumers   
   pulling back spending amid persistent inflation.   
      
   Target confirmed "adjustments" to the Pride merchandising plans were   
   underway in May after Fox News Digital learned it rolled back displays at   
   some of its locations. A Target insider told Fox News Digital that some   
   southern stores were told by the corporation to move LGBTQ Pride   
   merchandise away from the front of their locations after customer outrage   
   to avoid a "Bud Light situation."   
      
   Target has said the displays were dialed back to protect employees against   
   threats from angry customers.   
      
   https://www.foxbusiness.com/media/target-market-cap-losses-hit-15-7-   
   billion-share-near-52-week-low-amid-woke-backlash   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)