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Kohl’s Corporation’s (KSS) Price Target Raised
Posted on 02/26/10 at 8:47pm by Ed Liston
Analyst Daniel Binder at Jefferies & Company, Inc. has raised the price target for Kohl’s Corporation (NYSE: KSS) from $60 to $62.
According to Jefferies, the sharp rebound in the Kohl’s Corporation’s share price recently has put the company closer to its fair value, but with sales momentum on its side, the price can move up further.
The company reported EPS of $1.40 for the fourth-quarter, beating both Jefferies’, and consensus estimate of $1.37.
Jefferies continues to rate Kohl’s Corporation as a Buy.
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