Kohl's (KSS) PT Raised to $23 at TD Cowen

TD Cowen analyst Oliver Chen raised the price target on Kohl's (NYSE: KSS) to $23.00 (from $17.00) while maintaining a Hold rating.

The analyst commented: 'Reinstating value and opening price points, proprietary brand momentum, jewelry/petites execution drove less negative comps than expected and bode well for the opportunity to grow, hopefully. FY guide raised to $1.25-1.45 (vs. Street’s $0.77). We remain Hold as we look for sustained growth trajectory."

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