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Fly News Breaks for November 20, 2019
KSS
Nov 20, 2019 | 04:54 EDT
Goldman Sachs analyst Alexandra Walvis downgraded Kohl's to Neutral from Buy with a price target of $48, down from $56. The analyst says that despite an acceleration of strategic initiatives and a "significant expansion" of promotional activity, Kohl's traffic and comparable sales results have underperformed expectations. Walvis sees few catalysts for the shares to outperform following yesterday's Q3 results.
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