UBS lowered the firm’s price target on Kohl’s (KSS) to $5 from $10 and keeps a Sell rating on the shares. UBS thinks the market is underestimating the impact on Kohl’s earnings from share loss to other retail channels, such as the Off-Price channel, with the Q4 report increasing the firm’s conviction in this view, the analyst tells investors in a research note. The firm believes the current consumer spending environment is likely to remain challenging and a turnaround under the new CEO is unlikely to demonstrate any meaningful results until fiscal 2026.
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Read More on KSS:
- Kohl’s price target lowered to $11 from $18 at Baird
- Kohl’s price target lowered to $8 from $10 at Morgan Stanley
- Kohl’s price target lowered to $8 from $15 at BofA
- Cautious Outlook for Kohl’s: Hold Rating Amid Declining Sales and Earnings, Dividend Cut, and Uncertain Market Conditions
- Challenging Outlook for Kohl’s: Sales Declines, EPS Miss, and Dividend Cut Prompt Sell Rating
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