Kohl’s Stock Keeps Falling as Wall Street Turns More Bearish | Global News Avenue

Kohl (KSS) Stocks plummeted Wednesday, extending recent losses as some analysts believe they may continue to decline.

The retailer’s stock fell about 6% to close at $8.61 on Wednesday, and so far, the stock has been close to its lowest level since the 1990s. It has lost two-thirds of its value in the past 12 months.

The company’s new CEO Ashley Buchanan details Tuesday Plans for turnaround However, in 2025. Some Wall Street analysts warn that struggling retailers may still face a long and difficult road to recovery.

“Sales reconstruction will be challenging given the tough consumer environment,” Bank of America analysts told clients Wednesday. They said Cole’s short-term efforts could improve the customer shopping experience, but product-based changes may take longer due to long lead times.

Analysts cut their stock’s target price from $15 to $8, suggesting it could drop another 7%. This is slightly lower than the average of analysts in the Visible Alpha survey, and the price is $9.