Wedbush analyst Jen Redding lowered her price target for Kohl's to $50 from $53 following the company's Q3 results, saying that while the quarter started and finished strong, Kohl's saw weakness in the middle of the quarter owing to a heightened promotional environment correlating with unfavorably warm weather. Redding tells investors in a research note that although she have less visibility into the opportunity for the Amazon return program based on proprietary work, she sees opportunity for upside to guidance should markdowns come down over the quarter. However, until she sees the inflection, she views shares as fairly valued trading near current levels and maintains a Neutral rating on the shares.