Wall Street slumps as Disney and Macy's slam consumer shares

UBS Cuts Price Target on Kohl's Corp. (KSS) Following 1Q Earnings

UBS maintained a Neutral rating on Kohl's Corp. (NYSE: KSS), and cut the price target to $37.00 (from $45.00), following the company's 1Q earnings report.

Analyst Michael Binetti commented, "KSS reported -3.9% 1Q SSS (Whispers: ~flat to -1%)a 6.6pp deceleration in the 2-yr stack.... More

Cowen Cuts Price Target on Kohl's Corp. (KSS) Following 1Q Report

Cowen maintained a Market Perform rating on Kohl's Corp. (NYSE: KSS), and cut the price target to $40.00 (from $47.00), following the company's 1Q earnings report. KSS reported comps at -3.9% vs. the Street's +0.2% estimate. Despite lower gas prices, rising wage rates, and low unemployment, management... More

S&P Downgrades Fossil Group (FOSL) Corp. Rating to Junk; Outlook Stable

S&P Global Ratings lowered its corporate credit rating on Fossil Group Inc. (Nasdaq: FOSL) to 'BB+' from 'BBB-'. The outlook is stable.

Concurrently, we lowered our issue-level rating on the company's $1.05 billion revolving credit facility and $231.25 million term loan to 'BB+' from 'BBB-' and assigned a '3' recovery ratings to these debt instruments, indicating our expectation for meaningful... More

Oppenheimer Remains Sidelined on Fossil Group (FOSL) as Bear Case Appears to Play Out

Oppenheimer reiterated a Perform rating on Fossil Group (NASDAQ: FOSL) after lowering estimates as Bear case appears to be playing out. Oppenheimer cut 2016 sales 1.5%-2.5% yielding $1.00 trim to EPS could translate to additional risk to 2H16.

Analyst Anna Andreeva commented, "Bear... More

UBS Cuts Price Target on Macy's (M) to $33 Following 1Q Report

UBS maintained a Neutral rating on Macy's (NYSE: M), and cut the price target to $33.00 (from $41.00), following the company's 1Q earnings report. Macy's reported better-than-expected GM at +10bp, compared to the Street at -80bp. Management said 2Q is unlikely to improve. EPS guidance was cut... More

Northcoast Research Downgrades Macy's (M) to Neutral

Northcoast Research downgraded Macy's (NYSE: M) from Buy to Neutral.

For an analyst ratings summary and ratings history on Macy's click here. For more ratings news on Macy's click here.

Shares of Macy's closed at $31.38 yesterday.

Nomura Securities Remains Bullish on Disney (DIS) as 2Q Results Miss Expectations

Nomura Securities maintained a Buy rating and $115.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Star Wars: The Force Awakens and Zootopia propelled 69% YoY growth in theatrical distribution revenue. However, revenue and operating income declined at Consumer Products and Interactive Media,... More

UBS Remains Bullish on Electronic Arts (EA) Following 4Q Results

UBS maintained a Buy rating and $82.00 price target on Electronic Arts (NASDAQ: EA) following the company's solid 4Q earnings results. 1Q17 estimates for revenues were raised to $649mm (from $720mm). Adjusted EBITDA of $37mm was changed from $116mm previously. EPS is estimated to be $(0.02) (from $0.18).

Analyst Eric... More

Oppenheimer Reiterates Outperform on Electronic Arts (EA) Following 4Q Beat

Oppenheimer reiterated an Outperform rating and $78.00 price target on Electronic Arts (NASDAQ: EA) following the company's 4Q earnings report. EA reported a non-GAAP EPS of $0.50, ahead of consensus estimates of $0.42. Revenues of $924M also came in ahead of $889M estimates. Management guided 1Q17 and FY17... More

FBR Capital Reiterates Outperform on Disney (DIS) Following 2Q EPS Miss

FBR Capital reiterated an Outperform rating and $111.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report. Adjusted EPS of $1.36 missed consensus by $0.03. Disney does not guide to quarters and does not steer the Street.

Analyst Barton Crockett commented,... More

Jefferies Cuts Price Target on Fossil Group (FOSL) Following 1Q Miss

Jefferies maintained a Hold rating on Fossil Group (NASDAQ: FOSL), and cut the price target to $32.00 (from $40.00), following the company's 1Q earnings report. Fossil reported sales of -9%, compared to the Street's -8% estimate. EPS of $0.12 came in below the Street's $0.15 estimate. The... More

Jefferies Remains Sidelined on Disney (DIS) Following Mixed 2Q

Jefferies maintained a Hold rating and $92.00 price target on Walt Disney (NYSE: DIS) following the company's 2Q earnings report.

Analyst John Janedis commented, "F2Q results were mixed with upside at Parks / Studio offset by weaker Media and Consumer results. With downside... More