TD Cowen lowered the firm’s price target on Kohl’s (KSS) to $16 from $20 and keeps a Hold rating on the shares. The firm said management is taking aggressive actions to stabilize sales and are hopeful that the incoming CEO will be the right fit but Cowen is cautious on execution across private brands inventory speed and management and the reintroduction of fine jewelry while a choiceful consumer and the shorter holiday shopping period are headwinds to watch.
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Read More on KSS:
- Kohl’s price target lowered to $25 from $26 at Guggenheim
- Kohl’s price target lowered to $15 from $18 at BofA
- Kohl’s price target lowered to $14 from $18 at Citi
- Kohl’s downgraded to Neutral from Outperform at Baird
- Kohl’s Reports Q3 Financial Results and CEO Transition
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
