Kohl’s price target raised to $15 from $11 at Goldman Sachs

Goldman Sachs analyst Brooke Roach raised the firm’s price target on Kohl’s (KSS) to $15 from $11 and keeps a Sell rating on the shares. Kohl’s posted a broad Q3 beat with sequentially improving comps and stronger engagement from core card customers, prompting a guidance raise and signaling early traction in its 2025 transformation initiatives, the analyst tells investors in a research note. While momentum is building under new leadership, comps remain negative and profitability softened, so sustained improvement will be needed before a more upbeat view becomes warranted, the firm argues.