Department store shares get a boost from upbeat Macy's and Kohl's

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Go back to Department store shares get a boost from upbeat Macy's and Kohl's

UBS Raises price Target on Nordstrom (JWN) to $64 Following 3Q EPS Beat

November 14, 2016 8:55 AM EST

UBS reiterated a Buy rating on Nordstrom (NYSE: JWN), and raised the price target to $64.00 (from $58.00), following the company's 3Q earnings report. JWN reported EPS of $0.84, solidly ahead of the Street's estimate of $0.51. 3Q was a positive update with JWN finally generating SG&A... More

UBS Raises Price Target on Kohl's Corp. (KSS) to $50 Following 3Q EPS Beat

November 11, 2016 9:22 AM EST

UBS reiterated a Neutral rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $50.00 (from $44.00), following the company's 3Q earnings report. KSS recorded an EPS beat of $0.80, compared to estimates for $0.71. UBS raised FY16 EPS estimates to $3.91 from $3.80 (Street was $3.86).

Analyst Michael Binetti commented, "Kohls reported a F3Q EPS beat ($0.80 vs... More

Jefferies Raises Price Target on Kohl's Corp. (KSS) to $57

November 11, 2016 7:50 AM EST

Jefferies reiterated a Buy rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $57.00 (from $50.00), following the company's 3Q earnings report. Adjusted EPS came in at $0.80, well ahead of Street at $0.70. FY17 adjusted EPS guidance for $3.80 to $4.00 was maintained.

Analyst Daniel... More