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 (NYSE: KSS), 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.
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