KMART, FLEMING STOCKS DECLINE ON DIRE REPORT

NEW YORK -- Kmart's equity value fell precipitously last week when a major research firm issued a rare "sell" rating and predicted the discounter faces tough economic times ahead, which could jeopardize its supercenter rollout plans and even push it into bankruptcy.However, equity analysts told SN that the report, issued by Prudential Securities here, overstated the severity of the challenges faced

NEW YORK -- Kmart's equity value fell precipitously last week when a major research firm issued a rare "sell" rating and predicted the discounter faces tough economic times ahead, which could jeopardize its supercenter rollout plans and even push it into bankruptcy.

However, equity analysts told SN that the report, issued by Prudential Securities here, overstated the severity of the challenges faced by Kmart Corp., Troy, Mich.

On the day the report was released, Kmart stock fe

Register to view the full article

test - Advanced Registered User

Already a member? .