On watch: Kohl's (KSS) is downgraded to Underweight from Equal-Weight by Morgan Stanley with a...

|About: Kohl's Corporation (KSS)|By:, SA News Editor

On watch: Kohl's (KSS) is downgraded to Underweight from Equal-Weight by Morgan Stanley with a soft price target of $42. The retailer hasn't seen the pickup in sales from J.C. Penney refugees that some analysts forecast while TJX Companies and Ross Stores have both gained market share at its expense.