Kohl's (KSS) PT Raised to $39 at Cowen

Cowen analyst Oliver Chen raised the price target on Kohl's (NYSE: KSS) to $39.00 (from $30.00) while maintaining a Market Perform rating.

The analyst commented, "KSS & Sephora form a strategic LT partnership in a 10-year deal & will open 850 shop-in-shops by 2023, incl. 200 in 2021 becoming KSS's exclusive strategic beauty partner. Deal is logical & attractive given younger customer appeal & new access to Sephora’s outstanding beauty brand portfolio, experiential retail concept, & heritage of store talent."

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