Retail sector weighs on Wall Street; Dow and S&P end lower
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- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Oil prices jump 4% as fresh US-Iran fighting stokes supply fears
- Two Saudi tankers struck in Strait of Hormuz Monday
- Dell again lifts annual forecasts as AI demand powers record results
- Fed’s Barr backs rate hike if inflation fails to cool, September odds hit 66%
- GoPro to merge with Starman Optical in $285M recapitalization deal
- GoPro (GPRO) Halted, News Pending
- Wall Street ends lower as higher yields, rising oil prices mark shaky start to September
- Gap taps Coach architect Reed Krakoff for $29.95-$498 handbag line
- Comstock Resources signs $1.65B deal with SOCAR, $450M JV
Kohl's (KSS) PT Lowered to $50 at Wedbush Following 3Q Miss
November 20, 2019 8:50 AM ESTWedbush analyst Jen Redding lowered the price target on Kohl's (NYSE: KSS) to $50.00 (from $53.00) while maintaining a Neutral rating following the company's 3Q report.
Kohls Corporation missed street expectations by $0.12, reporting 3Q EPS of $0.74 versus consensus for $0.86, and lowering full year guidance... More
Lowe's Cos. (LOW) Tops Q3 EPS by 6c, Revenues Miss; Offers FY19 EPS Guidance
November 20, 2019 6:03 AM ESTLowe's Cos. (NYSE: LOW) reported Q3 EPS of $1.41, $0.06 better than the analyst estimate of $1.35. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $17.69 billion.
Sales for the third quarter were $17.4 billion and consolidated comparable sales increased 2.2 percent. Comparable sales for the U.S. home improvement business increased 3.0 percent. Analysts had expected a 3.1 percent rise.
"We were pleased with the performance of our U.S. home improvement stores, which reflects a solid macroeconomic backdrop and continued progress in our transformation driven by investments in customer experience, improved merchandise category... More

