It’s an all-retail report with revisions to J.C. Penney, Kohl’s, and The Gap, all in Friday’s Analysts’ Actions. BMO Capital expects J.C. Penney to report a wider net loss than previously expected on concerns of slower-than-forecast sales growth. BMO had a brighter view on Kohl’s, increasing its price target to $79 from $75. The company’s guidance of comp-store sales as high as 2.5% over the full year would mark the strongest growth since 2010. Gap had its price target cut to $43 at Goldman Sachs with analysts staying on the sidelines until signs of a brand turnaround improve. Goldman maintained a NEUTRAL rating.
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