Target Corp's stock has been on its longest losing streak in 23 years, and it was recently downgraded by JPMorgan. The retailer's shares were down 3.2% at today's low, and the 52-week range for the stock is 135.55 - 183.89.
The downgrade comes as Target faces a number of challenges, including a backlash from their Pride campaign and potential hits to their business due to student loan payment restarts. The company also faces competition from other retailers such as Walmart, which has seen its stock rise significantly over the past year.
In addition, the stock market overall has been volatile due to concerns about inflation and rising interest rates. The S&P 500 had its best May performance since 2009, but investors are still cautious about investing in stocks amid uncertainty about the future of the economy.
Despite these challenges, some analysts remain optimistic about Target's long-term prospects. They point to the company's strong financials and their focus on delivering value to customers as reasons why they believe that Target will be able to weather any short-term headwinds and come out stronger on the other side.
It remains to be seen how Target will fare in the coming months, but one thing is certain: investors should keep an eye on this stock as it navigates these turbulent times.