Evercore ISI analyst Michael Binetti raised the firm’s price target on Kohl’s (KSS) to $21 from $13 and keeps an In Line rating on the shares. The company reported a “big” Q3 earnings beat with EBIT margin of 2.2% that was well above 1.4% consensus amid better-than-expected tariffs and proprietary brands mixing higher, the analyst tells investors in a research note. While still negative, the change in Q3 SSS run rate also significantly changes the Q4 earnings outlook, the firm added.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KSS:
- Hold Rating Maintained Amid Mixed Signals and Macroeconomic Challenges
- Kohl’s price target raised to $20 from $17 at Jefferies
- Kohl’s: Hold Rating Amid Growth Potential and Persistent Challenges
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Midday Fly By: Alphabet continues ascent, fueled by AI optimism