Street Cold on Sears' Canadian Exposure

Balter holds a buy rating on shares of Sears Holdings, with a price target of $180. Currently, the stock trades below $120, having shed over 25% of their value since the beginning of August.

Sears Holdings is expected to report its third-quarter earnings results on Tuesday. Analysts on Wall Street are forecasting earnings of 28 cents a share, according to consensus estimates reported by Thomson First Call. Meanwhile, most observers expect the retailer to continue posting same-store sales declines as rivals such as Wal-Mart (WMT Quote) and Target (TGT Quote) continue to steal market share.

Shares of Sears Holdings were recently down $1.08, or 0.9%, to $118.42. Shares of Sears Canada were up 6.4%.