Retail sector weighs on Wall Street; Dow and S&P end lower
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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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
