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UPDATE: Deutsche Bank Downgrades Kohl's to Sell on Weakening Traffic

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Deutsche Bank analyst Paul Trussell published a report on Kohl's (NYSE: KSS) that downgraded its rating from Hold to Sell and lowered the price target from $42 to $41.

Deutsche Bank reported that, “We are downgrading KSS to Sell from Hold as weakening traffic share losses to off-price, less share donation from JCP, cold weather) and a heavy inventory position (according to our channel checks) could lead to incremental promotions and greater than expected markdowns, pressuring margins. With a FY13 EPS range reliant on a return to GPM expansion, we believe current forecasts are likely too high and we are positioned at the low-end of the forecast (with risk to the downside) as a result. We see KSS retouching its prior lows and we've set a $41 PT accordingly.”

Shares of Kohl's closed at $46.43 on Thursday.

Latest Ratings for KSS

DateFirmActionFromTo
Sep 2014CitigroupUpgradesNeutralBuy
Sep 2014Maxim GroupUpgradesHoldBuy
Aug 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for KSS
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Analyst Ratings

 

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