B of A Securities Downgrades Kohl’s to Underperform, Lowers Price Target to $26
B of A Securities analyst Lorraine Hutchinson downgrades Kohl's (NYSE:KSS) from Neutral to Underperform and lowers the price target from $50 to $26.
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Kohl’s Says Is Seeing ‘a softening in consumer spending and now expects sales to be down high-single digits for Q2, as compared to our prior expectations of down low-single digits relative to last year.’
The Company is providing the following update on second quarter business trends related to macroeconomic issues. As inflationary pressures on the consumer continue, the Company is seeing a softening in consumer
Why Kohl’s Stock Is Down More Than 9% Today
Kohl's Corporation (NYSE: KSS) shares are trading lower following reports suggesting Franchise Group is considering lowering its bid for Kohl's from about $60 to closer to $50 per share.