Kohl's should be bought on dips along the way, says RW Baird Baird hosted investors meetings with Kohl's management and sees driving comps as the most critical issue. The firm sees shares being supported by disciplined cost management, smart inventory planning, and consistent free cash flow. Shares are Outperform rated with a $63 price target.
Kohl's upgraded to Buy from Neutral at Citigroup Citigroup upgraded Kohl's to Buy on expectations the company's comp store sales and margins will improve due to better product assortment, loyalty program leverage and inventory management. Citi raised its price target for shares to $70 from $63.