Their concerns are weakening traffic and a large inventory position.....
KSS will earn about $4.25 this year. PE of 12 puts the stock at $50. A PE of 12 is a bit on the low side--a PE of 14 puts the stock at $59. Most retailers are PE 15-20. KSS underpriced, seems to me. I shop at Kohls.
Investors will start seeing this downgrade over this weekend and then digest it,I'm guessing their will be plenty of sell orders Monday morning!
Read todays barrons...calls kss a BUY WITH TARGET OF 55.