Credit Suisse analyst Michael Binetti lowered his price target for Kohl's (KSS) to $48 from $51 following the company's Q3 results, saying he thought Kohl's would fare better than weaker industry trends considering a meaningful number of new initiatives, and says he was "disappointed" in the company's Q3 SSS miss. Binetti tells investors in a research note to investors that he sees incremental risk for Macy's (M) and Nordstrom (JWN) this week, adding that he doesn't see much change to concerns that without an external catalyst, underlying industry trends in softlines categories remain lackluster.
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here