Cowen & Co. has decided to maintain its Outperform rating of Kohl's (NYSE:KSS) and lower its price target from $75.00 to $60.00.
Shares of Kohl's are trading down 12.23% over the last 24 hours, at $39.53 per share.
A move to $60.00 would account for a 51.78% increase from the current share price.
About Kohl's
Kohl's operates 1,165 department stores in 49 states that sell moderately priced private-label and national brand clothing, shoes, accessories, cosmetics, and home furnishings. Most of these stores are in strip centers. Kohl's also operates a large digital sales business. Women's apparel is Kohl's largest category, having generated 27% of its 2021 sales. The retailer, headquartered in Menomonee Falls, Wisconsin, opened its first department store in 1962.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
