Kohl’s price target lowered to $9 from $11 at JPMorgan

JPMorgan analyst Matthew Boss lowered the firm’s price target on Kohl’s (KSS) to $9 from $11 and keeps an Underweight rating on the shares post the Q4 report. The company’s fiscal 2025 earrings outlook is 70% below the Street and it cut its quarterly dividend by 75% to 12.5c, the analyst tells investors in a research note. Management notes the “turnaround will take time,” JPMorgan points out.