Piper Jaffray is raising its Q4E EPS on Kohl's Corporation KSS from $1.64 to $1.67 as it now expects same store sales for the quarter to increase 4.5% versus its prior estimate of 4.0%.
“Our new price target is $62 based on 14x our revised FY12E EPS of $4.41,” Piper Jaffray writes.
Kohl's closed Thursday at $55.03.
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