This morning, UBS lowered its price target on shares of JC Penney (JCP) to $5 after the company reported a disappointing holiday season. In the report, UBS reduced its EPS estimates for the retailer and reiterated its sell rating. Shares of JCP were lower by 2.3% on the news.
Jefferies lowered its price target on shares of Kellogg (K) to $63 as domestic demand has been soft. In the report, Jefferies maintained its hold rating. Shares of Kellogg were relatively flat today, trading just above $61 per share.
And Pacific Crest lowered its price target on shares of eBay (EBAY) to $60 noting weakness from US consumers. In the report, Pacific Crest also lowered its EPS estimates, but maintained its outperform rating. Shares of eBay were also flat today, trading just below $54 per share.
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