Kohl's (NYSE:KSS) was downgraded to hold from buy by Deutsche Bank (NYSE:DB) due to a sharp drop in sales.
Shares are lower by about one percent.
Tiffany (NYSE:TIF) was downgraded to neutral from buy with a price target of $63 by Bank of America/Merrill Lynch (NYSE:BAC) with a price target of $63, as margins will remain weak for the foreseeable future.
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