Kohl's shares got a rating upgrade from analysts at Cowen.
Cowen analyst raised their rating on the department-store chain to outperform from market perform. They also boosted their price target on the stock to $52 a share from $39.
"Mix is pivoting toward more productive and millennial-focused categories as active should grow to 30%, partnership with Sephora LVMUY is likely a game changer, women's-apparel reset should stabilize trends, and accepting Amazon returns is a traffic driver.” analyst Oliver Chen wrote.
Cowen increased its earnings estimates for 2021, 2022 and 2023 to $3.03, $3.59, and $5.31 per share. These are above Street estimates by 23%, 52%, and 1% respectively.