Kohls (KSS) Comps Dropped 5.6% in November
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November 30, 2012 8:43 AM EST
Yesterday investors took Kohl's Corp. (NYSE: KSS) to the woodshed after the retailer reported a surprise drop in same store sales, which came in at -5.6 percent vs. a 2.1 percent increase expected.
Commenting on developments, analyst Daniel Binder said "With shares down sharply, one might say the horse is out of the barn, so we are leaving our options open for some recovery, if December bounces back.... More
November 29, 2012 12:21 PM EST
Deutsche Bank downgraded Kohl's (NYSE: KSS) from Buy to Hold with a price target of $45.00 (from $62.00).
The firm comments, "We are having déjà vu this morning to 12/1/11 as KSS once again posted very soft, arguably unacceptable SSS in Nov. with a down 5.6% print... More
