Kohl's Upgraded to Outperform, New CEO’s Ideas Well Positioned to Work
<p>TD Cowen analysts upgraded <a href='https://financialmodelingprep.com/financial-summary/KSS'>Kohl's (NYSE:KSS)</a> to Outperform from Market Perform and set a new price target of $30.00, previously $23.00. The upgrade decision is based on early evidence, indicating that the new CEO, Tom Kingsbury, brings practical retail ideas that are well-suited for success after a prolonged period of insufficient change within the company. </p>
<p>Kingsbury, who officially took on the CEO role in early February and previously served as CEO of BURL from 2008 to 2019, has a strong background in merchandising and is leveraging his experience to drive positive transformations. </p>
<p>The analysts highlighted pragmatic adjustments being made to the stores, such as removing unused registers, introducing appealing gifting tables, and adopting a more modern markdown cadence. These changes are believed to be supported by the positive reception of new Sephora shop-in-shops, currently present in 605 stores, which are outperforming other areas of the business.</p>

NYSE:KSS