Target's Stock Plummets Amidst Longest Losing Streak in 23 Years.
Target's stock has been downgraded to neutral from overweight by JPMorgan due to "too many concerns rising" in relation to the retail giant, which is facing consumer pressures and the effects of recent controversies. The stock is on its longest losing streak in 23 years, with its ninth straight decline and the lowest close since Aug. 11, 2020.