CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Kohl's under pressure after analyst downgrade

17:35 4 August 2022

Kohl's Corp. (KSS.US) stock fell over 3.0% after Cowen downgraded the department store retail chain to market perform from outperform  saying a “weakening and inflationary consumer backdrop” could drive EPS downside. Analyst Oliver Chen cut the stock price target by about 42%, to $35 from $60. "Unfortunately, we believe [Kohl's] is vulnerable to the pressure the middle income consumer is experiencing and this may drive less visibility into the company achieving the medium-term target of 7%-8% EBIT margin" Chen wrote.

Kohl's Corp. (KSS.US) - buyers failed to break above the resistance zone around $31.35, which coincides with 61.8% Fibonacci retracement of the upward wave launched in March 2020 and downward trendline. As long as price sits below, another downward impulse towards recent lows at $26.00 may be launched. Source: xStation5.

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