Deutsche Bank Upgrades Kohl's (KSS) to Buy; Crawled Out of Purgatory

Deutsche Bank upgraded Kohl's (NYSE: KSS) from Hold to Buy with a price target of $62.00.

Deutsche analyst said, "We are upgrading shares of KSS to Buy as: (1) improving SSS trends, (2) easy compares, (3) use of its b-sheet to support EPS, & (4) cheap valuation make the stock attractive. While it's fair that the KSS story is not bulletproof, at only 10.0x, we're prepared to absorb the risk and point to our upgrade of Target (NYSE: TGT) in Feb. as a similar set-up."

"We believe they will; we raise our 3Q & 4Q SSS to 1.6% & 2.5%, resp., leading to FY12 & FY13 EPS of $4.62 & $5.20, which is well above the Street’s $4.61 & $5.10 view."

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 $52.02 yesterday.

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