Kohl's July comp, e-commerce results encouraging, says RW Baird RW Baird said Kohl's comparable sales growth and e-commerce re-acceleration in July are encouraging and the firm is still bullish on the company's outlook for the second half of the year as its initiatives pick up. Baird maintains it Outperform rating and $63 price target on Kohl's.
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.