JP Morgan Downgrades Kohl's to Underweight, Announces $19 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan has downgraded Kohl's (NYSE:KSS) from Neutral to Underweight, setting a price target of $19.
August 29, 2024 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has downgraded Kohl's from Neutral to Underweight, with a new price target of $19, indicating a bearish outlook.
The downgrade from JP Morgan, a major financial institution, suggests a negative outlook for Kohl's, likely leading to a decrease in investor confidence and a potential drop in stock price. The $19 price target is below current levels, reinforcing the bearish sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100