The stock of Target Corp., which is on its longest losing streak in 23 years, was downgraded from overweight to neutral by JPMorgan on Thursday, citing “too many mounting concerns” regarding the retail giant.
The stock ended Wednesday’s session down 2.2%, its ninth consecutive fall and the stock’s longest losing streak since an 11-day period ending Feb. 24, 2000, according to Dow Jones data. Wednesday also marked the lowest closing share price since August 11, 2020.
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