Three major indexes end at records for first time since 1999

RBC Capital Reiterates Outperform on Alibaba (BABA) Following Strong 1Q Results

RBC Capital reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $110.00 (from $105.00), following the company's 1Q earnings report. BABA reported revenues of 32.15B RMB, beating the Street's 30.0B estimate. Non-GAAP EPS of 4.90 RMB also beat the Street at 4.56 RMB.... More

Brean Capital Raises Price Target on Alibaba (BABA) to $115 on Strong 1Q Results

Brean Capital reiterated a Buy rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $100.00), following the company's 1Q earnings report. Revenue came in at RMB 32.2bn, exceeding consensus estimates of RMB 30.1bn. Adjusted EPS came in at $0.74, exceeding consensus of $0.62 on operating leverage from higher core ecommerce revenue.

Analyst Fawne Jiang commented, "BABA reported strong FY1Q17... More

Oppenheimer Raises price Target on Alibaba (BABA) to $115 Following 1Q

Oppenheimer reiterated an Outperform rating on Alibaba (NYSE: BABA), and raised the price target to $115.00 (from $110.00), following the company's 1Q earnings report.

Analyst Jason Helfstein commented, "Raising price target from $110 to $115 on extraordinary F1Q:17 results, with GMV/ revenue/EBITDA exceeding consensus by... More

UBS Remains Sidelined on Macy's (M) Following 2Q Beat and Announced Store Closures

UBS reiterated a Neutral rating on Macy's (NYSE: M), and raised the price target to $40.00 (from $33.00), following the company's 2Q earnings report and announced closures. Macy's reported EPS of $0.54 ahead of the Street's $0.45 estimate. Macy's will close 100 doors near year-end. A ~$1B sales reduction (-4%).... More

UBS Raises Price Target on Kohl's Corp. (KSS) to $44 Following 2Q EPS Beat

UBS reiterated a Neutral rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $44.00 (from $37.00), following the company's 2Q earnings report. KSS reported EPS of $1.22, ahead of the Street's $1.03 estimate.

Analyst Michael Binetti commented, "KSS reported 2Q EPS of $1.22 (UBSe:... More

Wedbush Raises Price Target on Alibaba (BABA) to $90 Following 1Q

Wedbush reiterated a Neutral rating on Alibaba (NYSE: BABA), and raised the price target to $90.00 (from $80.00), following the company's 1Q earnings report. Revenue grew to $4.84 billion and topped consensus of $4.54 billion. Adjusted EBITDA of $2.1 billion topped consensus of $2.0 billion on better-than-expected revenue.... More

Jefferies Reiterates Buy on Kohl's Corp. (KSS) Following 2Q and Macy's Announced Closures

Jefferies reiterated a Buy rating on Kohl's (NYSE: KSS), and raised the price target to $51.00 (from $47.00), following the company's 2Q earnings report and Macy's closure announcements. Macy's announced plans to close about 100 stores. This could have a positive effect on KSS comp... More