JPMorgan raised the firm’s price target on Kohl’s to $21 from $20 and keeps a Neutral rating on the shares following the Q4 report. The same-store-sales decline of 4.3% translates to a down 10.9% two-year stack, which represents 150 basis points of sequential improvement, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KSS:
- KSS Earnings: Kohl’s Q4 Earnings Beat Expectations Despite Sales Dip
- Options Volatility and Implied Earnings Moves Today, March 12, 2024
- Kohl’s Announces Dividend and Shares Financial Outlook
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024