By Market News Video Staff, Friday, September 2, 12:05 PM ET
This morning, JP Morgan lowered its 2012 EPS estimates on shares of Target (NYSE:TGT) as the credit card business could slow profit growth at the retailer. In the report, JP Morgan maintained its overweight rating and its $58 price target.
Shares of Target were lower on Friday, falling 1.5% so far.
Oppenheimer lowered its EPS estimates on shares of H&R Block (NYSE:HRB) through 2012 following the company's quarterly report. The firm noted that while results were in-line, they cautioned that the offseason for tax preparation could be softer than usual. In the report, Oppenheimer maintained its perform rating.
Shares of HRB were sharply lower today, falling 12.5% on the news.
And Credit Suisse lowered its EPS estimates on shares of Goldman Sachs (NYSE:GS) through 2013 as the firm expects growth to be challenging in this environment. In the report, Credit Suisse maintained its outperform rating and set a $170 price target.
Shares of Goldman Sachs were also lower today, falling 4.6%.
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