Goldman Sachs stays bearish on Sears Holdings (SHLD) even after a 27% drop in share price in the...

|About: Sears Holdings Corporation (SHLD)|By:, SA News Editor

Goldman Sachs stays bearish on Sears Holdings (SHLD) even after a 27% drop in share price in the wake of an announcement by the firm that it's closing stores. Analysts with Goldman reiterate a Sell rating, while slashing their price target to $30 from $43 as they see wider losses in 2012-2014. "The weaker fundamentals reaffirmed our view that SHLD's weak positioning will only be exacerbated in an uncertain environment."