Wall Street mixed as Apple tumbles to two-year low

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

Stifel Lowers PT on Kohl’s (KSS) to $45; Q1 Challenging, but Strategic Initiatives May Payoff

Stifel trims its price target on Buy-rated Kohls Corp. (NYSE: KSS) from $54 down to $45 following Q1 results issued Thursday.

Analyst Richard Jaffe commented, Kohls reported adjusted 1Q EPS of $0.31, below our estimate and consensus of $0.37, representing a 51% decrease from EPS of... More

Mizuho Securities Remains Sidelined on Allergan (AGN) following 1Q Earnings; PT to $232

Mizuho Securities maintained a Neutral rating on Allergen (NYSE: AGN), and cut the price target to $232.00 (from $250.00), following the company's 1Q earnings report. AGN reported $3.8B in revenues and EPS of $3.04 vs. consensus estimates $3.95B and $3.00. Management reiterated its FY16 revenue guidance of... 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

Piper Jaffray Remains Sidelined Following Ralph Lauren's (RL) Better-Than-Expected 4Q Report

Piper Jaffray maintained a Neutral rating on Ralph Lauren (NYSE: RL), and cut the price target to $81.00 (from $82.00), following the company's 4Q earnings report. RL reported total sales down 0.7%, compared to Piper Jaffray's estimate for a 1.6% Y/Y decline. EPS was reported as $0.88, coming in ahead of the consensus estimate of $0.83. RL elected... 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

Ralph Lauren (RL) Tops Q4 EPS by 5c; Adds $200M to Stock Buyback Program

Ralph Lauren (NYSE: RL) reported Q4 EPS of $0.88, $0.05 better than the analyst estimate of $0.83. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.86 billion.

The Company's Board of Directors authorized an additional $200 million stock repurchase program permitting... More