Kohl's price target raised to $63 from $60 at RW Baird Baird raised its price target on Kohl's following Q4 results citing solid execution amid a challenging macro backdrop, smart inventory planning, and consistent cash flow. Shares are Outperform rated.
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.