Read How Analysts Reacted To Kohl's Conclusion Of Strategic Review Process
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Telsey Advisory Group analyst Dana Telsey has lowered the price target on Kohl's Corp (NYSE: KSS) to $35 (19% upside) from $55 and kept the Market Perform rating on the shares.
Kohl's abandoned its negotiations with Franchise Group, considering the challenges in the current retail and financing environment.
Also, the retail chain has cut its Q2 sales guidance on ongoing inflationary pressures that are softening consumer spending.
Telsey thinks the current macro environment is challenging and indicators increasingly point to a softer consumer and pressured financing environment.
Guggenheim analyst Robert Drbul lowered the price target on Kohl's to $44 (49% upside) from $68 and kept a Buy rating on the shares.
Deutsche Bank analyst Gabriella Carbone reduced the price target to $37 (25% upside) from $68 and kept a Buy rating on the shares.
Price Action: KSS shares are trading higher by 2.86% at $29.50 on the last check Tuesday.
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Latest Ratings for KSS
Date | Firm | Action | From | To |
---|---|---|---|---|
Mar 2022 | Telsey Advisory Group | Maintains | Market Perform | |
Mar 2022 | Credit Suisse | Maintains | Neutral | |
Feb 2022 | Gordon Haskett | Downgrades | Buy | Accumulate |
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