Kohl's says sees improvement in comps throughout the year Says decreasing annual depreciation guidance to $900M from $950M. Says "not abandoning" exclusive brands. Comments made on the Q1 earnings conference call.
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.