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.
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