Kohl's up after Citigroup upgrades to "buy" on strong free cash flow

Kohls

01/06/2026 17:24

** Share of department store chain Kohl's KSS.N up 3.3% at $14.84
** Citigroup upgrades rating to "buy" from "neutral"; says market too bearish on free cash flow this strong
** Notes co is achieving an attractive free cash flow, despite its operational challenges and difficult competitive landscape, resulting in a favorable risk-to-reward ratio
** Says the market has a misguided view of the company's debt load, and sees little stock downside because of its free cash flow, which averaged over $600 million annually over the past three years
** However, brokerage, which raises PT on stock to $22 from $14, says the upgrade is not a bullish call on department stores 
** One of 14 brokerages rates the stock "buy" or higher, eight "hold," and five "sell" or lower; median PT is $16 - data compiled by LSEG
** As of last close, stock fell ~30% YTD

 (Reporting by Neil J Kanatt and Sanskriti Shekhar in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))