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Why Kohl's Stock Bounced Back on Tuesday

·1 min read
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The news for troubled retailer Kohl's (NYSE: KSS) has been uniformly bad of late. Compounding Friday's announcement from the company that it's cancelling a plan to sell itself, several analysts on Tuesday cut their price targets on the stock. Rather counterintuitively, though, Kohl's shares actually rose on the day, advancing by nearly 3% against a generally flat S&P 500 index.