Merrill Lynch Sticks to Their Buy Rating for Kohl’s Corp (KSS)


In a report released yesterday, Lorraine Hutchinson from Merrill Lynch reiterated a Buy rating on Kohl’s Corp (KSS), with a price target of $65. The company’s shares opened today at $54.59, close to its 52-week low of $54.15.

According to TipRanks.com, Hutchinson is a 2-star analyst with an average return of -0.1% and a 50.0% success rate. Hutchinson covers the Services sector, focusing on stocks such as Urban Outfitters, Nordstrom Inc, and Tapestry Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kohl’s Corp with a $70.44 average price target, implying a 29.0% upside from current levels. In a report released yesterday, Guggenheim also maintained a Buy rating on the stock with a $70 price target.

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Kohl’s Corp’s market cap is currently $8.99B and has a P/E ratio of 11.37. The company has a Price to Book ratio of 1.63.

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Kohl’s Corp. owns and operates family-oriented department stores. It offers exclusive brand apparel, shoes, accessories and home & beauty products through its department stores. Its stores offer apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers.

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