Kohl’s stock plunged Thursday after the retailer was double-downgraded by an analyst at Bank of America due to supply-chain issues. The stock fell close to 14% after analyst Lorraine Hutchinson rated the department store chain “underperform” from a previous rating of “buy,” lowering the target price from $75 to $48. Shares in Kohl’s (ticker: KSS) remain up more than 15% so far this year with the stock recently trading around $47.
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