Kohl's banks on cost controls, leaner inventories to lift profit target

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Go back to Kohl's banks on cost controls, leaner inventories to lift profit target

JPMorgan Downgrades Kohl's (KSS) to Underweight

August 29, 2024 6:56 AM EDT

JPMorgan analyst Matthew R. Boss downgraded Kohl's (NYSE: KSS) from Neutral to Underweight with a price target of $19.00.

The analyst comments "KSS reported 2Q EPS of $0.59 (above Street at $0.46) with same-store-sales shortfall (-5.1% below Street -2.6%) more than offset by favorable SG&A expenses (-4% Y/Y to 35.5% of sales... More