Kohl’s price target lowered to $35 from $40 at Baird

Baird analyst Mark Altschwager lowered the firm’s price target on Kohl’s to $35 from $40 and keeps an Outperform rating on the shares. The analyst said Q3 results were provided with the new CEO announcement, with earnings coming in above consensus estimates, though with lack of clarity on guidance he is waiting for next week’s full report to make any changes to his model.