Friday, June 2, 2023

JP MORGAN DONWGRADES TARGET'S STOCK

Target’s stock was downgraded on Thursday by JPMorgan, the largest bank in the United States, amid a consumer backlash over the store’s LGBT product campaign.  “We continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods (51% of [Target’s] sales) is ongoing,” JPMorgan analyst Christopher Horvers wrote, according to Market Watch.  MORE AT JPMorgan Downgrades Target Stock amid Backlash over LGBT Merchandise | National Review

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RESCUED CONSTRUCTION WORKERS FROM FIRE --- NEW SQUARE

Several construction workers were rescued from a fire Friday morning at the site where New Square's giant new synagogue is being built a...