Form 8-K KOHLS Corp For: Aug 14
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Stifel Still Bullish on Kohl's (KSS) Following Q2 Report; Long-Term Trajectory Shaping Up
August 14, 2014 12:05 PM EDTStifel maintains its Buy rating and $60 price target on Kohl's (NYSE: KSS) following the retailer's Q2 report, which was release before markets opened on Thursday.
Analyst Richard Jaffe commented, KSS 2Q results were better than anticipated, with EPS above our estimate and consensus. While sales were softer than expected, they improved as the quarter progressed (July comp sales increased 2%). The business was well managed, evident in only a modest gross margin decline and tight expense management as SG&A dollars fell 2% y/y.... More
