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

August 12, 2016 9:11 AM EDT

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

August 12, 2016 9:03 AM EDT

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

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

August 12, 2016 8:38 AM EDT

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