Kohl’s price target lowered to $14 from $20 at Citi

Citi analyst Paul Lejuez lowered the firm’s price target on Kohl’s (KSS) to $14 from $20 and keeps a Neutral rating on the shares. The company missed sales and gross margin estimates in Q4, the analyst tells investors in a research note. Citi believes Kohl’s is not well positioned to handle macro volatility and the firm sees a balanced risk/reward at current share levels.