Goldman Sachs Downgrades KSS To Neutral

Goldman Sachs has downgraded Kohls KSS from Buy to Neutral. According to the report, "We downgrade KSS to Neutral from Buy (off CL) based on (1) catalysts having unfolded, (2) side-stepping mid-tier department stores, given limited EPS upside on inflation uncertainty, and (3) sector de-rating as inflation clouds outlook." KSS has a $60.00 Price Target and closed at $53.04 a share yesterday.