Kohl’s price target raised to $20 from $17 at Jefferies

Jefferies raised the firm’s price target on Kohl’s (KSS) to $20 from $17 and keeps a Hold rating on the shares following a Q3 beat and fiscal year guidance raise. While self-help assortment and value initiatives have led to improved results, the firm thinks further execution is needed to gain confidence that trends can sustain, the analyst tells investors.