Wall Street slides as investors fret about retail

J. C. Penney (JCP) PT Lowered to $4 at UBS; 'Negative Trends at Core, Very Tough Path to Hit '17 Guidance'

UBS lowered its price target on J. C. Penney (NYSE: JCP) to $4.00 (from $5.00) while maintaining a Sell rating, following the company's first quarter earnings report.

Analyst Michael Binetti notes the company is dealing with negative core trends and a difficult retail environment, making 2017 guidance... More

J. C. Penney (JCP) PT Lowered to $6 at BMO Capital Following 1Q

BMO Capital lowered its price target on J. C. Penney (NYSE: JCP) to $6.00 (from $8.00) while maintaining a Market Perform rating.... More

Options Activity in Snap (SNAP) Targets $18 as Potential Near-Term Floor -Susquehanna

Susquehanna options strategists Alison Edwards notes options activity in Snap (NYSE: SNAP) appears to target $18 as near-term floor, with an opening investor selling ~15,000 May 18 Puts at $0.25.

Macy's (M) PT Lowered to $36 at BMO Capital on 1Q Miss; '5.2% SSS Decline... Margin Pressure in a Few Other Categories'

BMO Capital lowered its price target on Macy's (NYSE: M) to $36.00 (from $39.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Wayne Hood notes the company delivered first quarter earnings per share and revenue results below consensus... More

Kohl's (KSS) PT Lowered to $43 at BMO Capital on 1Q Revenue Miss; ' Weaker-than-Expected SSS/Transactions'

BMO Capital lowered its price target on Kohl's (NYSE: KSS) to $43.00 (from $45.00) while maintaining a Market Perform rating, following the company's first quarter earnings report.

Analyst Wayne Hood notes the company produced first quarter adjusted earnings per share above consensus estimates, while... More

Nordstrom (JWN) PT Lowered to $42 at Instinet; Reiterates Neutral

Instinet lowered its price target on Nordstrom (NYSE: JWN) to $42.00 (from $44.00) while maintaining a Neutral rating. Lighter-than-anticipated sales vs. JWNs internal expectations was offset by SG&A leverage, which drove a 10c EPS beat.

JWN continues to see growth via opptys including... More

Drexel Hamilton Reiterates Buy Rating and $30 PT on Snap (SNAP) Following 1Q Report; 'Excellent Buying Opportunity'

Drexel Hamilton reiterates Buy rating and $30 price target on Snap Inc (NYSE: SNAP) price target of $30.00, following the company's first quarter earnings report.

Analyst Brian White suggesting the company made progress resolving issues and operating more efficiently, while creating a unique user... More

Macy's (M) PT Lowered to $27 at Jefferies Following 1Q

Jefferies lowered its price target on Macy's (NYSE: M) to $27.00 (from $35.00) while maintaining a Hold rating. The company's 1Q EPS missed expectations, owing to weaker than expected comps and greater than expected GM pressure.

Management reaffirmed its FY18 EPS outlook, with comps accelerating... More

Wells Fargo (WFC) PT Lowered to $58 at Evercore ISI Following Investor Day

Evercore ISI lowered its price target on Wells Fargo (NYSE: WFC) to $58.00 (from $60.00) while maintaining a Outperform rating following investor day. Wells Fargo came away from the event generally confident that the company's long term above-peer profitability is intact helped by cost save... More

Nordstrom (JWN) PT Lowered to $46 at Citi Following 1Q Report; 'Deterioration in Rack Sales & Gross Margins is Concerning'

Citi lowered its price target on Nordstrom (NYSE: JWN) to $46.00 (from $50.00) while maintaining a Neutral rating, following the company's first quarter earnings report.

Analyst Paul Lejuez notes the company delivered first quarter earnings per share above consensus estimates, despite a concerning decline in... More

Whole Foods Market (WFM) PT Raised to $30 at BMO Capital Following 1Q Report; 'Raising EPS on Cost Savings & Buyback'

BMO Capital raised its price target on Whole Foods Market (NASDAQ: WFM) to $30.00 (from $28.00) while maintaining a Underperform rating, following the company's first quarter earnings report.

Analyst Kelly Bania notes the company produced first quarter in-line earnings per share results, as revenue... More

Snap Inc (SNAP) PT Lowered to $23 at Deutsche Bank on 1Q Report; 'DAU Upside Ghosted... Results Fail to Inspire'

Deutsche Bank lowered its price target on Snap Inc (NYSE: SNAP) to $23.00 (from $30.00) while maintaining a Buy rating, following the company's first quarter earnings report.

Analyst Lloyd Walmsley notes the company reported first quarter earnings per share and revenues below the Street's projections,... More