Macy's, Kohl's sales declines raise turnaround concerns

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Go back to Macy's, Kohl's sales declines raise turnaround concerns

Macy's (M) PT Lowered to $21 at UBS Following 2Q

August 11, 2017 9:26 AM EDT

UBS lowered its price target on Macy's (NYSE: M) to $21.00 (from $23.00) while maintaining a Neutral rating following the company's 2Q. The company reported $0.39 excluding real estate sales compared to $0.38 estimates. Importantly, it was the first time in several quarters when... More

Macy's (M) PT Lowered to $21 at Jefferies Following 2Q

August 11, 2017 7:58 AM EDT

Jefferies lowered its price target on Macy's (NYSE: M) to $21.00 (from $24.00) while maintaining a Hold rating following the company's 2Q. Analyst Randal Konik walked away from the quarter with greater concern given comp deterioration and gross margin compression.

Comps came in slightly ahead of... More

Kohl's (KSS) PT Lowered to $42 at Cowen on 2Q Report; 'Despite Traffic Improvement... We Remain on Sidelines'

August 10, 2017 3:56 PM EDT

Cowen lowered its price target on Kohl's (NYSE: KSS) to $42.00 (from $43.00) while maintaining a Market Perform rating, following the company's second quarter earnings report.

Analyst Oliver Chen notes the company delivered second quarter earnings per share above consensus expectations fueled by sales that showed... More