Jefferies is reducing its FY12 and FY13 EPS estimates on Kohl's Corporation KSS to $4.30 and $4.92 from $4.45 and $5.10.
“This primarily reflects higher SG&A growth, higher interest expense and a higher tax rate,” Jefferies writes. “Our sales expectations remain the same.”
Kohl's Corporation closed Thursday at $53.80.
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