Downgrade Alert for Kohl's (KSS)
Kohl's (NYSE:KSS) was downgraded from Mixed to Negative at OTR Global today. The stock closed yesterday at $43.17 on volume of 3.3 million shares, above average daily volume of 2.3 million.
Kohl's Corporation operates a chain of family-oriented department stores. The Company's stores feature apparel, footwear and accessories for women, men and children, soft home products such as sheets and pillows, and housewares targeted to middle income customers. Kohl's also offers online shopping as well as offers store credit cards.
Kohl's share prices have moved between a 52-week high of $75.24 and a 52-week low of $33.87 and closed yesterday at 27% above that low price at $43.15 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.8%.
Kohl's has overhead space with shares priced $43.15, or 19.5% below the average consensus analyst price target of $53.60. The stock should find initial resistance at its 50-day moving average (MA) of $45.91 and further resistance at its 200-day MA of $48.21.
SmarTrend is tracking the current trend status for Kohl's and will alert subscribers who have KSS in their portfolio or watchlist when shares have changed trend direction.
Keywords: analyst upgrades/downgrades kohl's