Kohl's Rises From The Retail Wreck

Investing.com - Some clear winners have emerged from the retail wreck and Kohl's is one of them.Cowen became the latest Wall Street firm to upgrade the retailer's stock.The firm upgraded Kohl's from market perform to , with a stock price target of $66 a share. CFRA recently raised its price target to $65. The upgrades come after Kohl's handily beat expectations for fourth-quarter earnings earlier this month. The retailer also raised its dividend.Cowen likes how Kohl's has been expanding its product offering and online efforts, and thinks its rewards program will continue to pay off.Several other firms upgraded the stock in January. Kohl's shares are up more than 50% from their July 2017 bottom.

(Source: Investing TV, March 14, 2018 at 01:39PM)

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