Longbow Research downgraded GoPro to underperform from neutral with a price target of $7 per share. Analyst Joe Wittine warned that GoPro will likely miss sales estimates for its cameras in the fourth quarter. Apple (AAPL) – The tech giant is going head to head with Samsung.
Macy’s (M) – The department store giant reported disappointing sales for the holiday season, lowered its earnings guidance and released locations of 68 of the 100 stores it plans to close. Macy’s comparable sales for November and December dropped 2.1%, and it now forecasts full-year diluted earnings per share to be in a range of $2.95 to $3.10, down from its previous estimate of $3.15 to $3.40. Kohl’s (KSS) – The company lowered its fiscal 2016 guidance and reported a drop in comparable sales during the holiday season from one year ago.
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