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KSS

Kohl's

$55.21

-0.32 (-0.58%)

, JCP

J.C. Penney

$9.69

-0.13 (-1.32%)

12:27
11/25/16
11/25
12:27
11/25/16
12:27

Brick and mortar stores 'far from overwhelmed' on Black Friday, Reuters says

The traditional start of the holiday shopping season started on Black Friday morning, says Reuters. In large cities like New York and Chicago, local shoppers said stores weren't as crowded as in previous years " on the day after the Thanksgiving holiday," Reuters added. Publicly traded companies in the space include J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Nordstrom (JWN) and Sears (SHLD). Reference Link

KSS

Kohl's

$55.21

-0.32 (-0.58%)

JCP

J.C. Penney

$9.69

-0.13 (-1.32%)

M

Macy's

$44.55

-0.3591 (-0.80%)

JWN

Nordstrom

$58.24

-0.2861 (-0.49%)

SHLD

Sears

$13.30

0.38 (2.94%)

KSS Kohl's
$55.21

-0.32 (-0.58%)

11/15/16
BUCK
11/15/16
DOWNGRADE
Target $56
BUCK
Neutral
Kohl's downgraded to Neutral from Buy at Buckingham
Buckingham downgraded Kohl's to Neutral citing valuation and maintained its $56 price target.
11/14/16
11/14/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lockheed Martin (LMT) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he is pleased with the company's comments regarding its 2018 free cash flow outlook, and he thinks that it could benefit from increased defense spending in the wake of the election results. 2. Philip Morris (PM) upgraded to Buy from Outperform at CLSA with analyst Michael Levy citing the recent pullback for his rating change and said he sees the company adding to its buyback. 3. Citi (C) upgraded to Overweight from Equal Weight at Morgan Stanley with analysts led by Betsy Graseck saying the Republican sweep is positive for all financial stocks due to increased growth, higher rates, lower taxes, and less regulation. 4. U.S. Steel (X) and AK Steel (AKS) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. L Brands (LB), Kohl's (KSS), and Chico's(CHS) were upgraded to Buy from Neutral at Citi, while Chico's was also upgraded to Outperform from Peer Perform at Wolfe Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
SBSH
11/14/16
UPGRADE
SBSH
Buy
Kohl's upgraded to Buy from Neutral at Citi
Citi analyst Paul Lejuez upgraded Kohl's to Buy citing his more bullish view of Specialty Retail and Department Stores. The likelihood of tax reform under a President Trump should put more money in the pockets of consumers, Lejuez tells investors in a research note.
11/11/16
STFL
11/11/16
NO CHANGE
STFL
Kohl's price target raised to $60 from $50 at Stifel
Stifel analyst Richard Jaffe raised his price target on Kohl's after the company reported higher than expected Q3 EPS. The analyst noted that the company's comp sales accelerated in October, and he views that trend as "encouraging," since the month marks the beginning of the holiday season. He remains upbeat on the company's initiatives and keeps a Buy rating on the shares.
JCP J.C. Penney
$9.69

-0.13 (-1.32%)

11/11/16
BARD
11/11/16
NO CHANGE
Target $13
BARD
Outperform
J.C. Penney longer-term recovery story intact, says Baird
Baird analyst Mark Altschwager notes that J.C. Penney reported weaker than expected Q3 comps and gross margin but reaffirmed longer-term growth targets. While the analyst is encouraged by tight cost controls amid the sluggish growth backdrop, he will need to see comps regain momentum to support longer-term goals. Nonetheless, Altschwager continues to believe the pieces are in place for this to happen, setting up attractive risk/reward as this self-help recovery story unfolds. He reiterates an Outperform rating and $13 price target on the shares.
09/01/16
RILY
09/01/16
NO CHANGE
RILY
B. Riley adds J.C. Penney, Marvell to Focus List
B. Riley updated its Focus List for the month of September by adding J.C. Penney (JCP) and Marvell Technology (MRVL) while removing Intersil (ISIL).
10/03/16
RILY
10/03/16
NO CHANGE
RILY
PFSweb, Sanmina added to Focus List, J.C. Penney, Transact deleted at B. Riley
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
J.C. Penney initiated with a Neutral at Guggenheim
M Macy's
$44.55

-0.3591 (-0.80%)

11/02/16
OTRG
11/02/16
UPGRADE
OTRG
Mixed
Macy's upgraded to Mixed from Negative at OTR Global
OTR Global upgraded Macy's to Mixed saying checks exceeded goals for 7 out of 8 vendors driven by improved product and merchandising.
10/31/16
DBAB
10/31/16
UPGRADE
Target $45
DBAB
Buy
Macy's upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Paul Trussell upgraded Macy's (M) to Buy saying he expects the retailer to regain earnings momentum ahead of peers while the valuation "looks cheap." The analyst thinks Macy's margins will surprise to the upside. He raised his price target for the shares to $45 from $40. Trussell coupled the upgrade with a downgrade of Nordstrom (JWN) to Hold.
09/30/16
GUGG
09/30/16
INITIATION
Target $45
GUGG
Buy
Macy's initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Macy's with a Buy and a $45 price target saying shares offer a compelling risk reward ratio due to the company's healthy balance sheet, 4.2% dividend yield, and strong free cash flow.
09/28/16
09/28/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alphabet (GOOG, GOOGL) downgraded to Underperform from Neutral at Wedbush with analyst James Dix citing concerns that the "Four Horsemen of the Search Apocalypse" -- self-identified consumers, consumer control of IP-delivered ads, payments innovation, and attention markets -- might arrive. 2. AT&T (T) downgraded to Neutral from Buy at UBS with analyst John Hodulik citing expectations for lower earnings growth. 3. Macy's (M) downgraded to Neutral from Outperform at Credit Suisse with analyst Michael Exstein saying the retailer, after outlining in August its operations and merchandising strategies, is now in an execution phase. 4. Twitter (TWTR) downgraded to Underperform from Neutral at Mizuho and to Sell from Hold at Loop Capital. 5. Galectin Therapeutics (GALT) downgraded to Sell from Buy at Roth Capital with analyst Sa'ar Yaniv citing the company's announcement that NASH-FX, GR-MD-02's Phase 2a study in NASH fibrosis, failed both primary and secondary endpoints. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
JWN Nordstrom
$58.24

-0.2861 (-0.49%)

11/14/16
UBSW
11/14/16
NO CHANGE
Target $64
UBSW
Buy
Nordstrom price target raised to $64 from $58 at UBS
UBS analyst Michael Binetti raised his price target on Nordstrom to $64 from $58 following its Q3 earnings beat. The analyst noted the company's gross margin and expense management improvement. Binetti believes management's expense discipline will create a visible path to long-term margin expansion. Binetti reiterated his Buy rating on Nordstrom shares.
11/11/16
MAXM
11/11/16
NO CHANGE
Target $61
MAXM
Buy
Nordstrom price target raised to $61 from $54 at Maxim
Maxim analyst Tom Forte noted Nordstrom's Q3 sales were better than expected, which he believes was influenced by the positive contribution of the company's new rewards initiative. The analyst, who thinks Nordstrom's efforts to improve the profitability of its e-commerce sales are having a positive impact on the company's earnings, raised his price target on the stock to $61 from $54 and keeps a Buy rating on the shares.
11/07/16
CLVD
11/07/16
NO CHANGE
CLVD
Neutral
Nordstrom's Q3 likely above consensus, says Cleveland Research
Cleveland Research said Nordstrom's Q3 total comp store sales continue to be above consensus due to strong trends in post-Anniversary Sale offset softer sales in late-September and October to finish the quarter. The firm lowered its Q3 total comp estimate to up 3.3%, versus 3.5% prior and consensus of up 2.4%.
SHLD Sears
$13.30

0.38 (2.94%)

02/09/16
EVER
02/09/16
NO CHANGE
EVER
Sears is not a viable retailer, says Evercore ISI
Evercore ISI does not believe Sears is a viable retailer in its current form, and a liquidity event is a matter of when, not if. The firm's analyst said Sears' cash situation has deteriorated, making additional debt issuance more likely in 2016 with a larger liquidity event possible in 2017. Evercore has a base case of $4 per share on Sears based on its SOTP analysis.
02/09/16
EVER
02/09/16
NO CHANGE
EVER
Sell
Sears liquidity event a matter of 'when, not if,' says Evercore ISI
Evercore ISI analyst Greg Melich said the preliminary Q4 financials released by Sears showed comparable sales were worse than he expected at the flagship brand and at Kmart and that its margins were also worse than he thought. Sear's cash situation has gotten worse, making additional debt issuance more likely in 2016, Melich tells investors, adding that he believes "a liquidity event is a matter of when not if," and may be possible in 2017 at the current burn rate. The analyst keeps a Sell rating on Sears shares.
03/17/16
EVER
03/17/16
NO CHANGE
EVER
Sears could trade as low as $3 per share, says Evercore ISI

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NOA

North American Energy

$4.10

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ISTR

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$23.15

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BECN

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$47.86

-0.63 (-1.30%)

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, AMPH

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OSK

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AET

Aetna

$155.03

-1.01 (-0.65%)

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APRN

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DPS

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HBI

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