Kohl’s Corp. is getting a boost from its partnership with Amazon.com Inc., but Jefferies analysts still expect same-store sales and margins to decline due to weakness in key categories like women’s and children’s.
Jefferies downgraded Kohl’s KSS, +0.22% shares to hold from buy and cut its price target to $52 from $65.
Kohl’s stock was also downgraded at Cowen on Wednesday, with analysts citing this same weakness.
