Target Shares Fall After National Teachers’ Union Joins Boycott

Target Corp. shares declined the most since mid-August after the American Federation of Teachers, the second-largest US teacher’s union, endorsed a boycott against the retailer’s decision to end some diversity programs amid pressure from conservative activists and the US government.

The endorsement from the 1.8 million-member union was announced during Labor Day activities in Chicago that were attended by Atlanta-area pastor Jamal Harrison Bryant, along with other leaders of the boycott, which started in March. Target has said the opposition hurt fiscal first-quarter sales, though they’ve recovered somewhat since then.

Target shares fell as much as 3.9% on Tuesday, more ...