Follow-up: Kohl's downgraded to Hold from Buy at Deutsche Bank Deutsche Bank downgraded Kohl's citing the company's weak November comp sales and its belief consensus estimates for Q4 and 2013 are too high. The firm lowered its price target for shares to $45 from $62.
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.