Deutsche Bank ( DB ) is voicing concerns for shares of retailer Kohl's ( KSS ) in a morning call.
The analyst is citing several reasons for cutting Kohl's shares to a "Hold" rating, including promotions that appear to be yielding less returns/sales. The analyst believes the warmer weather trend so far this month as well as the forecast for this winter to be the mildest in 5 years could take a toll on the company's bottom line.
The Bottom Line
Shares of Kohl's ( KSS ) have a 1.99% dividend yield, based on last night's closing stock price of $50.36. The stock has technical support in the $44-$48 price area. If the shares can firm up, we see overhead resistance around the $52-$54 price levels.
Kohl's ( KSS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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