Kohl’s price target raised to $23 from $16 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Kohl’s (KSS) to $23 from $16 and keeps a Market Perform rating on the shares. The company’s momentum has continued into Q3, with a top and bottom-line beat, the analyst tells investors. Additionally, margins were favorable and costs remained well controlled, the firm adds.