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Citi has a lot to say about retail today (previous: JCP) with analyst Deborah Weinswig tipping...

Citi has a lot to say about retail today (previous: JCP) with analyst Deborah Weinswig tipping off that early checks show July same-store sales are weak for major retailers and margin pressure could be in store as inventories rise. Rating revisions: Target (TGT -0.8%) to Neutral from Buy; Macy's (M +0.2%) price target clipped by a buck to $37 and EPS estimates dropped; Kohl's (KSS +2.2%) sales and earnings estimates dropped.
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Comments (2)
  • raykrv6a
    , contributor
    Comments (2820) | Send Message
     
    That makes sense. Have a Buy rating on JCP which is in turmoil with no proof it can turn sales around and cut companies that are successful. Sorry, this is why most analysts are a joke.
    17 Jul 2012, 11:24 AM Reply Like
  • 427541
    , contributor
    Comments (23) | Send Message
     
    apparently someone thinks CITI's cut of KSS is a joke - stock up 3.5% today, yet I don't see any other significant "news" suggesting as to why. A big block purchase, perhaps? A hedge fund manager mentioned them? We'll see the 'news' published probably tomorrow, long after the INSIDER information has already been utilized by a few pp today, and they've taken their profits and the KSS "rally" is over.
    17 Jul 2012, 12:41 PM Reply Like
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