Kohl's (KSS) Could Post Upside to Comp Estimates - Analyst

Jefferies analyst Daniel Binder believes Kohl's (NYSE: KSS) third quarter is shaping up well and reiterated his Buy rating and $63 price target ahead of their early October road trip with management.

"Although there are several weeks left in Q3, we believe Kohl's Q3 sales trends are shaping up well and we could see upside to our 1% comp estimate," Binder said. "We believe back to school has gone well but with choppy sales this year we will continue to monitor things over the balance of the quarter before firming up final estimates. Kohl's should continue to see benefits from an improvement in its value proposition, content changes, marketing and inventory position."

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 $52.05 yesterday.

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