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Kohl’s upgraded to Accumulate at Gordon Haskett after earnings

As previously reported, Gordon Haskett upgraded Kohl’s (KSS) to Accumulate from Hold with a price target of $18, up from $12. The firm, which notes it had previously grown more constructive on the near-and-medium-term outlook for Kohl’s, tells investors that today’s Q2 results and upwardly revised FY25 guidance supports its more optimistic view. Following the quarterly report, the firm is raising its FY25 and FY26 EPS estimates to 70c and 95c, respectively, but adds that it sees the potential for “notable upside” should the company’s July and August same-store sales momentum continue.

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