Kohl’s initiated with a Sell at Goldman Sachs

Goldman Sachs analyst Brooke Roach initiated coverage of Kohl’s with a Sell rating and $27 price target. While expectations are low and compares easy, Kohl’s faces risk of ongoing market share loss and inventory overhangs in 2023, the analyst tells investors in a research note. Goldman views the retailer as a relative underperformer amid competitive pressures.