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Goldman Sachs Lowers Target, Estimates for Kohl’s (KSS)

Department store chain operator Kohl's Corporation ( KSS ) on Monday saw its price target and earnings estimates cut by analysts at Goldman Sachs.

The firm said it now expects KSS shares to reach $54, suggesting a smaller 14% upside to the stock's Friday closing price of $47.50.

Goldman also maintained its "Neutral" rating on KSS but lowered its earnings estimates, citing impacts from correcting the company's lease accounting errors.

Kohl's shares fell 45 cents, or -1%, in premarket trading Monday.

The Bottom Line

Shares of Kohl's ( KSS ) have a 2.11% dividend yield, based on Friday's closing stock price of $47.50. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $49-$50 price levels.

Kohl's Corporation ( KSS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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