Citi is out with an alert on Kohl's KSS after reviewing Kohl's 3Q10 10-Q.
In a note to clients, Citi writes, "We continue to believe that the fundamentals of KSS' business remain strong, driven by positive traffic trends; a strong private label and exclusive brand offering, incl. the early renewal of Simply Vera Vera Wang on 12/7/10; conservative inventory mgmt., and disciplined expense control. With the ability to generate consistent cash flow, we believe that KSS could support annual share buybacks and a dividend. We reiterate our Buy rating and $72 target price."
KSS is trading at $53.53.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsCitiConsumer DiscretionaryDepartment Storeskohl's
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