Finish Line says partnership with Macy's progressing on plan Sees taking 18-24 months to roll out Finish Line shops to 450 planned Macy's locations. Sees partnership generating incremental $250M-$350M in annual sales when fully rolled out.
J.C. Penney downgraded to Sell from Neutral at UBS UBS downgraded its rating on J.C. Penney (JCP) shares to Sell saying the company's 2017 EBITDA target of $1.2B is overly optimistic as it assumes years of market share gains against strong competitors like Macy's (M) and Kohl's (KSS). UBS halved its price target for Penney shares to $5 from $10. The retailer's stock closed Friday down 52c to $7.12.