BofA lowered the firm’s price target on Kohl’s (KSS) to $8 from $15 and keeps an Underperform rating on the shares. The company issued initial FY25 EPS guidance of 10c-60c, well below consensus of $1.33, as sales struggles continue, notes the analyst, who expects that a sales rebuild will be challenging given the tough consumer environment.
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Read More on KSS:
- 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
- Kohl’s Hold Rating: Navigating Financial Challenges Amidst Market Uncertainty
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