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Fly News Breaks for June 14, 2018
KSS
Jun 14, 2018 | 07:02 EDT
Citi analyst Paul Lejuez downgraded Kohl's to Neutral from Buy while raising his price target for the shares to $75 from $71. The stock is up 27% since the company reported "underwhelming" top line results on May 22, Lejuez tells investors in a research note. The analyst sees a more balanced risk/reward as current levels. While Q2 trends to date have improved, the Q1 sales shortfall is a reminder that the traffic challenges are real, the analyst contends.
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