- Kohl’s Corp (NYSE:KSS) has received a potential takeover bid from New York-based private equity firm Sycamore Partners, Bloomberg reports.
- The latest bid from Sycamore comes days after another bidder emerged with a $9 billion bid backed by hedge fund Starboard Value LP.
- The report added that the Starboard-backed bid is valued at $64 per share.
- Recently, activist investor Macellum Advisors has urged the retailer to make board changes or consider a sale.
- Price Action: KSS shares traded higher by 28.4% at $60.15 in premarket on the last check Monday.
TD Cowen Upgrades Moderna to Outperform, Raises Price Target to $180
TD Cowen analyst Tyler Van Buren upgrades Moderna (NASDAQ:MRNA) from Market Perform to Outperform and raises the price target from $150 to $180.
