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Stock Market & Financial Investment News

News Breaks
August 14, 2014
07:02 EDTKSSKohl's reports Q2 EPS $1.13, consensus $1.07
Reports Q2 revenue $4.24B, consensus $4.28B. Reports Q2 SSS down 1.3%. Kevin Mansell, Kohl's chairman, president and CEO, said, “We are pleased with the improvement we saw in sales as the quarter progressed. The improvement was the most dramatic in the month of July where we achieved a positive comp. As they consistently do, our teams did a great job of managing expenses throughout the quarter. We enter the back-to-school season with fresh, new inventory and encouraging momentum."
News For KSS From The Last 14 Days
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October 13, 2014
10:06 EDTKSSJ.C. Penney rises after selecting Home Depot executive as next CEO
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06:15 EDTKSSJ.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.

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