UBS lowered the firm’s price target on Kohl’s to $16 from $18 and keeps a Sell rating on the shares. The firm has become "increasingly bearish" on softlines stocks and reduced its calendar 2023 EPS estimates across its coverage by 10%, on average. Its 2023 EPS estimates are now 13% below consensus for the average stock in its coverage in the space, the firm noted.
Published first on TheFly
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