Kohl’s price target lowered to $31 from $34 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Kohl’s to $31 from $34 and keeps a Buy rating on the shares. The company’s Q4 results missed Street forecasts as it took meaningful actions to clear through excess inventory and better position it for fiscal 2023, the analyst tells investors in a research note. The firm believes this inventory management will aid Kohl’s turnaround.