As previously reported, Guggenheim downgraded Kohl’s (KSS) to Neutral from Buy following a Q3 miss and 30% fiscal year EPS cut along with a CEO change. The firm cites four key reasons for the downgrade, namely a slowdown in traffic, weakening comparable-store sales, a cash flow generation deterioration and the CEO transition.
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Read More on KSS:
- Kohl’s downgraded to Neutral from Buy at Guggenheim
- Data shows Black Friday spending rose 3.4% year-over-year, Reuters reports
- Kohl’s call volume above normal and directionally bullish
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Thanksgiving Online Sales Surge 4% as Retailers Double Down on Discounts
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