Piper Jaffray Maintains Overweight Rating On Kohl’s Corporation (KSS)

Analysts at Piper Jaffray have released an update on Kohl’s Corporation KSS. Analysts expect the ongoing share gains, gross margin improvement, expense leverage, and growth initiatives to provide stability in the operating model. Analysts say that the concerns surrounding cost inflation and credit may be overdone and that this creates a near-term opportunity to own shares ahead of expected earnings outperformance. Analysts at Piper Jaffray have maintained their Overweight rating and $64 price target for Kohl’s Corporation.