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Fly News Breaks for February 4, 2016
KSS
Feb 4, 2016 | 13:15 EDT
MKM Partners analyst Patrick McKeever downgraded Kohl's to Neutral from Buy saying the company's "promising" initiatives aren't enough to offset the structural challenges facing all department stores. McKeever cut his price target for the shares to $47 from $57 after Kohl's cut its FY15 outlook. The retailer is down 19%, or $9.84, to $41.29 in afternoon trading.
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