Tiffany and Blue Nile also drop as investors expect luxury retailers to sag. Meanwhile, budget sellers like Target and Wal-Mart are having a strong year.
Caterpillar is downgraded to 'hold,' while Vivus is upgraded to 'hold.'
Cirrus Logic is downgraded to 'perform,' and Infosys is upgraded to 'buy.'
The home-furnishings chain is only the latest retailer to serve up a disappointing outlook as consumer malaise spreads.
Most seem poised for troubled second-quarter numbers. But there's one that's hanging in there.
H-P announces massive layoffs, and Costco reports better-than-expected results.
JetBlue is downgraded to 'neutral,' and Nvidia is upgraded to 'average.'
The company's stores are the most successful in the sector.
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