Market Overview

UPDATE: Citigroup Downgrades Kohl's Corporation to Neutral on Near-Term Challenges

Related KSS
Morgan Stanley Sees Apparel Lagging For The Next 5 Years
Deutsche Bank's Post-Cyber Week Follow Up
Does Longer Black Friday Matter? (Fox Business)

Citigroup downgraded Kohl's Corporation (NYSE: KSS) from Buy to Neutral and lowered the price target from $57.00 to $50.00.

Citigroup said, "While we continue to like Kohl's positioning as your neighborhood apparel/home store, its turnaround has proved more challenging than expected. In the near-term, we are increasingly concerned about recent management turnover, lackluster merchandising, and high inventory levels. However, KSS is focused on getting its house in order in 2013, and we see four opportunities ahead. These actions could lead to improved results later this year, but we believe that it's prudent to step to the sidelines for now."

Kohl's Corporation closed at $45.21 on Monday.

Latest Ratings for KSS

DateFirmActionFromTo
Dec 2014Cowen & CompanyInitiates Coverage onMarket Perform
Dec 2014JP MorganMaintainsNeutral
Dec 2014Deutsche BankMaintainsHold

View More Analyst Ratings for KSS
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Downgrades Analyst Ratings

 

Related Articles (KSS)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional