Piper Jaffray Raises Kohl's Estimates; PT Goes From $61 To $62

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.