Kohl's (KSS) Benefits From Upgrade and Broader Market Strength

Investors in department-store Kohl's (NYSE: KSS) are taking kindly to a upgrade of the company at Thomas Weisel Partners, from Market Weight to Overweight. Shares are up 9% on the upgrade, topping the 5%-6% move in the broader retail space as represented by ETS SPDR S&P Retail (NYSE: XRT) and Retail HOLDRs (NYSE: RTH).

Analyst Liz Dunn said Kohl's is benefiting by offering value up front, giving customers an incentive to buy at the planned promotional price and have significantly less clearance to work through. Mervyn's bankruptcy is also driving market share gains at Kohl's.

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