Stifel Affirms 'Buy' Rating on Kohl's (KSS) Following Q4 Update, Outlook; Remains Positive on LT Metrics

Stifel affirmed Kohl's (NYSE: KSS) at Buy with a price target of $68 following updated Q4 results and FY14 outlook on Wednesday.

Analyst Richard Jaffe noted that comp sales in Q4 were 3.7 percent, which compared with the firm's estimate of a 2 percent increase. FY14 EPS guidance of $4.20 - $4.22 also compares with Stifel's outlook of $4.06.

Jaffe remains positive on Kohl's over the long-term given the following reasons:

1) the loyalty program has been rolled out across the country;

2) half of all beauty departments have been upgraded; and

3) most importantly, new marketing efforts and the new merchants should begin to have a significant impact.

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

Kohl's closed at $62.88 yesterday.

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