Kohl’s price target lowered to $18 from $21 at Evercore ISI

Evercore ISI analyst Michael Binetti lowered the firm’s price target on Kohl’s (KSS) to $18 from $21 and keeps an In Line rating on the shares. The firm thinks Kohl’s Q1 same-store sales has improved from the Q4 down 2% exit rate and it sees “a credible path” for trends to improve in the second half, but in the near-term the firm expects the stock to be “caught in a tug-of-war” between higher tax refunds and stimulus against weather impacts and higher gas prices, the analyst tells investors.