- Telsey Advisory Group analyst Dana Telsey has lowered the price target on Kohl's Corp KSS to $35 (19% upside) from $55 and kept the Market Perform rating on the shares.
- Kohl's abandoned its negotiations with Franchise Group, considering the challenges in the current retail and financing environment.
- Also, the retail chain has cut its Q2 sales guidance on ongoing inflationary pressures that are softening consumer spending.
- Telsey thinks the current macro environment is challenging and indicators increasingly point to a softer consumer and pressured financing environment.
- Guggenheim analyst Robert Drbul lowered the price target on Kohl's to $44 (49% upside) from $68 and kept a Buy rating on the shares.
- Deutsche Bank analyst Gabriella Carbone reduced the price target to $37 (25% upside) from $68 and kept a Buy rating on the shares.
- Price Action: KSS shares are trading higher by 2.86% at $29.50 on the last check Tuesday.
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