Kohl's gaps down, spikes lower, after same store sales disappoint The stock was last down over 10%, which is off the lows of the session at $45.52. The company reported November same store sales were down 5.6%, with total sales down 4.9%. At the current price of $45.87, support is at the low of the day at $45.52, and then at $44.82. Resistance is at $46.77.
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.