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Fly News Breaks for May 22, 2019
KSS
May 22, 2019 | 07:43 EDT
Wedbush analyst Jen Redding lowered her price target for Kohl's to $58 from $65 after the company reported Q1 earnings and lowered full-year guidance, citing a slow start to the year, and including expectations for increases in tariffs to 25% with Home and Accessories to see the brunt of adverse impacts. The analyst believes trends in May are improving, as evidenced in a positive inflection in Average Basket Value for the first three weeks of May. He reiterates a Neutral rating on the shares.
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