logo
  Join        Login             Stock Quote

Kohl's (KSS) Downgraded to 'Hold' By Deutsche Bank; PT Reduced to $45

 November 30, 2012 01:47 PM
 


(By Balachander) Kohl's Corp. (NYSE: KSS) shares were downgraded to "hold" from "buy" and price target lowered to $45 from $62 by Deutsche Bank (DB).

"KSS once again posted very soft, arguably unacceptable SSS in Nov. with a down 5.6 percent print – instilling fears that the modest improvement we saw in July-Oct. was not trend worthy," the bank said. "Quite similar to last Nov., KSS SSS was once again a debacle – down 5.6 percent YOY compared to our +2.0 percent est."

"Importantly, while we don't think the rest of 4Q will be as bad (as Nov.), it's 100 percent hard to defend the stock with so many structural issues at play," DB wrote.

[Related -Sears Holdings Corp (SHLD): This Retailer Might Be The Worst Investment You Can Make Right Now]

"Complicating matters, Street est's are materially too high for 4Q12 and ‘13 – the latter of which we think could approach $4.00-$4.25, suggesting further downside in the stock," the bank added.

"Also, with each region negative, it was clearly not just Sandy that derailed the sales plans," DB said. "Finally, with retail promotional activity likely to intensify (post Nov. SSS) Kohl's will have a more challenging time delivering on its original goals."

The stock, which has been trading in the 52-week range of $42.72 to $55.25, slid 0.91 percent to trade at $44.61 on Friday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageSector Detector: Bulls Go Down Swinging, Refusing To Give Up Much Ground

Although the stock market displayed weakness last week as I suggested it would, bulls aren’t going down read on...

article imageThe Bumpy Road Ahead To Policy Normalization

When the dust clears from tomorrow’s Fed announcement, the crowd’s expecting that the slow but persistent read on...

article imageAnalyzing Performance Histories That Might Have Been

The trend in recent years of securitizing more of the world’s market betas offers investors, in theory, read on...

article imageBig Prints in VIX Calls

The CBOE Vix Index is in positive territory on Friday morning as shares in the S&P 500 Index move slightly read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.