UPDATE: Morgan Stanley Reiterates Underweight on Kohl's Based on Lower Than Expected Q1 Sales

In its May 13th report, Morgan Stanley analyst Heather Balsky has reiterated its underweight rating for Kohl's (NYSE: KSS ) citing lower than expected Q1 sales for the clothing company, despite beating analyst estimates for earnings per share. In the report, Balsky stated, "We think shares could move higher