Jefferies Raises Price Target on Kohl's Corp. (KSS) to $57

November 11, 2016 7:50 AM EST
Get Alerts KSS Hot Sheet
Price: $40.53 +0.75%

Rating Summary:
    8 Buy, 14 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies reiterated a Buy rating on Kohl's Corp. (NYSE: KSS), and raised the price target to $57.00 (from $50.00), following the company's 3Q earnings report. Adjusted EPS came in at $0.80, well ahead of Street at $0.70. FY17 adjusted EPS guidance for $3.80 to $4.00 was maintained.

Analyst Daniel Binder commented, "Although warmer weather led to soft sales in Q3, trends improved in recent weeks against easier comparisons LY. With inventory well managed (down 10%), more favorable weather expected y-y and easy margin comparisons in Q4, we could see potential upside from current estimates. Sales comparisons will get more difficult during the core holiday selling period (+4%), so we are starting the fourth quarter off with conservative estimates."

For an analyst ratings summary and ratings history on Kohl's click here. For more ratings news on Kohl's click here.

Shares of Kohl's closed at $50.97 yesterday.

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