Cowen Upgrades Kohl's (KSS) to Outperform

Cowen analyst Oliver Chen upgraded Kohl's (NYSE: KSS) from Market Perform to Outperform with a price target of $52.00 (from $39.00).

The analyst comments "Innovation at Product, Stores, & Partnerships Will Drive EPS Upside: We upgrade KSS to Outperform and raise PT to $52. Why: (1) Sephora, active, & women's reset will drive relevance with younger shoppers & increase store productivity; (2) Cowen models upside to consensus EPS on stronger multi-year comps & margin expansion; (3) reinvention of stores as hubs."

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 $43.36 yesterday.

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