As previously reported, Gordon Haskett upgraded Kohl’s (KSS) to Buy from Accumulate with a $25 price target which the firm notes suggests over 25% of upside “even with today’s 30%-plus move higher.” Under the direction of new CEO Michael Bender the company has quickly course corrected over the past couple of quarters, notes the analyst, who believes the move to establish Kohl’s as a leader in value and quality by emphasizing its exclusive brands will be “well embraced given today’s highly uncertain competitive backdrop.”
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