Morgan Stanley analyst Alex Straton lowered the firm’s price target on Kohl’s (KSS) to $8 from $10 and keeps an Underweight rating on the shares. A Q4 beat was overshadowed by fiscal year guidance well below expectations, notes the analyst, who welcomes new management’s updated strategy, but fears potential EPS risk and a subsequent valuation de-rating. A turnaround will likely proves difficult to execute in a challenging macro backdrop, the analyst added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KSS:
- 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
- Kohl’s Faces Challenges: Sell Rating Amid Earnings Concerns and Strategic Doubts
- Kohl’s Reports Decline in Fiscal 2024 Earnings
Questions or Comments about the article? Write to editor@tipranks.com