New York CNN —If you follow right-wing media or Twitter, you may have seen a lot of coverage recently about Target’s stock price falling.
Fox News aired more than 2 hours of coverage on Target’s Pride Month displays from May 23 to May 30, according to Media Matters, a liberal media monitoring group.
Target faced a homophobic campaign that went viral on social media over its annual Pride Month clothing collection.
But Target’s stock drop has nothing to do with its Pride Month clothing collection or the anti-LGBTQ campaign.
JP Morgan, which downgraded Target’s stock Thursday, said in a report that “we continue to believe that the consumer is broadly weakening while the share of wallet shift away from goods is ongoing.” JP Morgan did not include a word about consumer backlash to Target’s Pride Month collection.
Persons:
Matt Walsh, it’s, Locker, Berna Barshay, It’s, JP Morgan, ” JP Morgan, ”
Organizations:
New, New York CNN, Fox News, Target’s, Media, Target, Pride, Walmart, Shoppers
Locations:
New York, Thursday’s