Kohls "outperform," target price raised

08/24/06 - Robert W. Baird

NEW YORK, August 24 (newratings.com) - Analysts at Robert W Baird maintain their "outperform" rating on Kohls Corporation (KSS). The target price has been raised from $69 to $70.

In a research note published this morning, the analysts mention that the company has announced an exclusive collection from the prominent designer, Vera Wang. The line, which is to be based on a new brand, would include footwear, linens, towels and jewellery, the analysts say. Kohls’ existing initiatives are expected to lead to robust 2H06 results, the analysts add.