Goldman Sachs Lifts Price Target on Kohl's (KSS), But Keeps Neutral Rating
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Price: $19.21 -2.09%
Rating Summary:
6 Buy, 21 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 21 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs boosted its price target on Kohl's (NYSE: KSS) from $51 to $53, but kept its Neutral rating.
The firm notes the company's strategic turnaround hinges on improving pricing, promotion and product. They are the farthest along on the pricing side, they said. Still a meaningful turnaround will take more time.
"We still believe that a sustained turn at Kohl's requires more time to correct (reflected in our Neutral rating); however, we think the combination of easy year-ago comparisons, a weather break, JCP's share donation, sharper prices and dampened investor expectations will likely create a reasonable risk/reward scenario over the next few months," the analyst said.
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 $50.03 yesterday.
The firm notes the company's strategic turnaround hinges on improving pricing, promotion and product. They are the farthest along on the pricing side, they said. Still a meaningful turnaround will take more time.
"We still believe that a sustained turn at Kohl's requires more time to correct (reflected in our Neutral rating); however, we think the combination of easy year-ago comparisons, a weather break, JCP's share donation, sharper prices and dampened investor expectations will likely create a reasonable risk/reward scenario over the next few months," the analyst said.
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 $50.03 yesterday.
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