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Kohl’s needs more than an Amazon partnership to grow sales

Kohl’s Corp. is getting a boost from its partnership with Amazon.com Inc., but Jefferies analysts still expect same-store sales and margins to decline due to weakness in key categories like women’s and children’s. Jefferies downgraded Kohl’s (KSS)  shares to hold from buy and cut its price target to $52 from $65. Kohl’s stock was also downgraded at Cowen on Wednesday, with analysts citing this same weakness. Read More...

Kohl’s needs more than an Amazon partnership to grow sales

Kohl’s Corp. is getting a boost from its partnership with Amazon.com Inc., but Jefferies analysts still expect same-store sales and margins to decline due to weakness in key categories like women’s and children’s. Jefferies downgraded Kohl’s (KSS)  shares to hold from buy and cut its price target to $52 from $65. Kohl’s stock was also downgraded at Cowen on Wednesday, with analysts citing this same weakness.

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