Evercore ISI analyst Michael Binetti raised the firm’s price target on Kohl’s (KSS) to $13 from $8 and keeps an In Line rating on the shares. The company posted a solid quarter against low expectations, the analyst tells investors in a research note. The firm says that while Kohl’s traffic was down 4% in Q2, trends improved through the quarter. Kohl’s is implementing more self-help initiatives than expected, contends Evercore.
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