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Fly News Breaks for January 8, 2020
KSS
Jan 8, 2020 | 05:57 EDT
Cowen analyst Oliver Chen downgraded Kohl's to Market Perform from Outperform with a price target of $53, down from $56. The analyst is cautious on the company's traffic "volatility" and elevated promotions as well as the weakness in women's apparel. While the valuation is inexpensive and the cash flow yield is 12%, the stock may be range bound until there is better visibility to consistent comps and margins, Chen tells investors in a research note.
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