Deutsche Bank Maintains Hold On Kohl’s Corporation, $55 PT
In a research report issued today, Deutsche Bank analyst Paul Trussell maintained a Hold rating on Kohl’s Corporation (NYSE:KSS) with a price target of $55.00.
Trussell said, “We believe expectations heading into Wednesday’s analyst meeting (dinner Tuesday night) are low. This includes an update on 3Q SSS that are slightly positive (opposed to bulls earlier this year suggesting +2%), no announcement on the Chief Merchant front, and no new initiatives or brands beyond what was highlighted on the 2Q call. However, after 4 consecutive quarters of negative comps and with 3Q clearly indicated to be another period of challenging apparel sales, we wonder if estimates aren’t still too optimistic. We remain on the sidelines awaiting concrete evidence of a turnaround.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Paul Trussell has a total average return of 12.0% and a 76.4% success rate. Trussell has a -9.9% average return when recommending KSS, and is ranked #234 out of 3347 analysts.