Nordstrom's comparable store sales fall; shares tumble

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

Nordstrom (JWN) PT Cut to $40 at Credit Suisse

Credit Suisse analyst M. Exstein reiterated a Neutral rating and cut his price target on Nordstrom (NYSE: JWN) to $40.00 (from $55.00).

Exstein commented, "Nordstrom is the third major mall anchor in a row to report significant declines in sales and profitability, as the... More

Nordstrom (JWN) It's Not All Bad, The Patient Will Recover - Cowen

Cowen analyst, Oliver Chen, noted the Nordstrom (NYSE: JWN) quarter was tough for full line and online, but rack showed some improvement. Comps of -1.7% the Street's +0.1% ests as JWN's full-line business came in weaker than expected, while off-price was modestly better than expected.... More

Piper Jaffray Slashes PT, Estimates on Nordstrom (JWN) Following Weak Results, Guide

Piper Jaffray analyst Neely J.N. Tamminga lowered her price target on Neutral-rated Nordstrom (NYSE: JWN) to $45.00 (from $62.00) following weak results and outlook.

Tamminga commented, "We are adjusting our estimates on JWN shares on the heels of its FQ1 release in which... More