Kohl’s Stock Rises on Analyst Price Target Increase
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BTCCSquare news:
Kohl's shares climbed nearly 4% on Wednesday, bucking a slight downturn in the broader market. The rally followed a price target increase by Baird analyst Mark Altschwager, who raised his fair value assessment to $17 from $15. While maintaining a neutral rating, Altschwager's adjustment reflects cautious Optimism after Kohl's second-quarter earnings outperformed expectations.
The retailer reported $3.35 billion in revenue, aligning with analyst estimates despite year-over-year declines. Adjusted net income of $0.56 per share notably exceeded the $0.29 consensus. This marks Altschwager's second target hike since late August, when he lifted it from $9 to $15 post-earnings.
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