In Friday’s Analysts’ Actions, some discount retailers got a beating today. Wall Street firms reduced their price target on Kohl’s (KSS), Walmart Stores (WMT), and Dollar Tree (DLTR). Meanwhile, analysts are bullish on energy company Kinder Morgan (KMI). MKM Partners dropped Kohl’s price target to $69 from $82 this morning. Second quarter results were disappointing, the firm said. On Thursday, the department store chain came out with numbers that missed analysts’ forecasts on both the top and bottom line. Despite its weak quarter, analysts maintained their BUY rating on the stock. Comparable same store sales were positive for the third quarter in a row and its and merchandise margins help up pretty well, analysts added. Walmart also got its price target lowered to $80 from $81 at Deutsche Bank. Investors are looking for reasons to stay positive, but can’t seem to find any, the firm said. The store will release its quarterly results next week and Deutsche thinks management will lower its fiscal earnings guidance. The firm maintained its HOLD rating on the stock. Deutsche Bank decreased Dollar Tree’s price target to $81 from $82. After several department store earnings, analysts are more careful about their outlook. Stocks haven’t pulled in much for the dollar store, they noted. Analysts also maintained their HOLD rating on the stock. Finally, Goldman Sachs had a BUY rating on Kinder Morgan stock with a $48 price target. The stock was added to its Conviction List as analysts see more than 50% total return potential. They also see upside from M&A, adding that the company has one of the most stable business models in midstream with ‘high visibility to sustained growth.’ TheStreet’s U-Jin Lee reports.
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