Macy's forecast cut adds to apparel gloom; shares dive

Cowen Cuts Price Target on J.C. Penney (JCP) Following 1Q earnings

Cowen maintained a Market Perform rating on J. C. Penney (NYSE: JCP), and cut the price target to $9.00 (from $11.50), following the company's 1Q earnings report. JCP reiterated its original EBITDA guidance of $1B and adjusted EPS to be positive as well as... More

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

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

Stifel Affirms Macy's (M) at 'Hold' Following Q1 Results, Outlook; See Potential for GM Expansion in 2017

Stifel affirms its Hold rating on Macy's (NYSE: M) following Q1 results and trimmed outlook issued Wednesday morning.

Analyst Richard Jaffe commented, While the company continues to tightly manage its costs and gross margin, driving sales remains an ongoing challenge. With weak comps anticipated to continue and limited visibility for... More