This morning, BMO Capital downgraded shares of Kohl's (NYSE:KSS) from outperform to market perform after the company reported disappointing sales in the third quarter. In the report, BMO lowered its EPS estimates and set a $55 price target. Shares of Kohl's were rebounding today, higher by 0.7% after yesterday's sharp sell off.
And Deutsche Bank downgraded shares of Prudential (NYSE:PRU) from buy to hold citing valuation. The stock is approaching the firm's $96 price target, reducing the risk/reward profile for investors. On the news, shares of Prudential were lower by a little over 1%.
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