Kohl’s price target raised to $8 from $5 at Barclays

Barclays raised the firm’s price target on Kohl’s (KSS) to $8 from $5 and keeps an Underweight rating on the shares following the fiscal Q2 report. The firm says the the improvement of comp sales and tight inventory management shows the progress being made in the business. However, work needs to be done to return Kohl’s to growth, the analyst tells investors in a research note. Barclays remains cautious of sector headwinds and needs continued evidence before buying into a turnaround.