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Deutsche Bank Reiterates Hold Rating on Kohl's Corporation on Extended Period for Kohl's Cash

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In a report published Monday, Deutsche Bank reiterated its Hold rating on Kohl's Corporation (NYSE: KSS).

Deutsche Bank noted, “This past weekend, Kohl's highlighted its monthly credit event which runs 3/6 to 3/13 this month (comparable to the 3/7 to 3/14 event run a year ago). Every $50 spent during the 5 day period of 3/6 to 3/10 will receive $10 in Kohl's cash which is also comparable to a year ago, however, we note that the cash can be used from 3/11 to 3/30 this year, 7 days more than the 3/12 to 3/24 period during 2012. Turning to the merchandise, we noticed KSS prominently highlighted savings on national product using the tag-line ‘Great Brands' including Levi's, Lee, Nike, Keurig, and Carter's. This follows last week's introduction of Haggar 1926 Originals and Bostonian footwear in its circular, showcasing efforts to improve its national brand performance, in our view.”

Kohl's Corporation closed on Friday at $46.66.

Latest Ratings for KSS

DateFirmActionFromTo
May 2017Gordon HaskettInitiates Coverage OnReduce
May 2017Atlantic EquitiesUpgradesUnderweightNeutral
Feb 2017SusquehannaInitiates Coverage OnNeutral

View More Analyst Ratings for KSS
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Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

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