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Kohl’s needs more than an Amazon partnership to grow sales

January 8, 2020

Kohl’s Corp. is getting a boost from its partnership with 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.

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