This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ahead Of The Bell: Analyst Raises Kohl's To 'Buy'

NEW YORK (AP) ¿ A Jefferies & Co. analyst raised his rating on Kohl's Corp. to "Buy" on Tuesday, citing the company's efforts to manage inventory and hold down Wall Street's expectations, as well as reduced competition from rival department stores.

Analyst Daniel Binder raised the company's rating to "Buy" from "Hold" and boosted his price target to $44, from $35 to $37.

"The company arguably managed inventories better than any retailer in our space last year," Binder said.

He also expects the Menomonee Falls, Wis.-based company to benefit from the liquidation of Hayward, Calif.-based Mervyns LLC, which operated nearly 150 department stores.

"New store productivity still looks a soft, but is reflective of the environment and slower square footage growth next year should help," Binder said. "Meanwhile Kohl's has shown strong relative sales growth in the industry."

Binder added that Kohl's may also beat its gross margin guidance this year due in part to an increasing mix of private label products.

Tuesday, Binder also upgraded his ratings on Home Depot Inc., Lowe's Cos., Costco Wholesale Corp., Target Corp., Best Buy Co. and United Stationers Inc.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BBY $31.48 0.00%
COST $163.58 0.00%
HD $134.74 0.00%
LOW $77.34 0.00%
KSS $48.07 0.00%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs