UPDATE: Citigroup Reiterates Buy Rating, Lowers PT on Kohl's Corporation

In a report published Friday, Citigroup reiterated its Buy rating on Kohl's Corporation

, but slightly lowered its price target from $63.00 to $62.00. Citigroup noted, “September SSS missed our expectations and management guidance. Average transaction value was flat YOY, while transactions per store were down low-single digits. Units per transaction were up slightly, and AUR was down slightly. Sales during KSS' Anniversary Sale were down high-single digits.” Kohl's Corporation closed on Thursday at $50.93.