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Fly News Breaks for January 18, 2017
KSS, JCP
Jan 18, 2017 | 09:06 EDT
As previously reported, Credit Suisse analyst Christian Buss downgraded J.C. Penney (JCP) to Underperform from Neutral, citing its exposure to less valuable malls and its lack of presence in what he deems to be the most valuable malls. He also cites Penney's lagging speed to market compared to others in the space. Buss also downgraded Kohl's (KSS) to Underperform this morning, citing similar concerns. He maintains a $7 price target on Penney shares.
News For JCP;KSS From the Last 2 Days
KSS
Apr 17, 2024 | 10:16 EDT
Bearish flow noted in Kohl's with 4,607 puts trading, or 3x expected. Most active are 5/31 weekly 21 puts and Apr-24 23 calls, with total volume in those strikes near 4,300 contracts. The Put/Call Ratio is 7.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 23rd.
