Kohl’s price target raised to $29 from $24 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Kohl’s to $29 from $24 and keeps a Market Perform rating on the shares. The company delivered a “nice bottom line beat” in Q2, which was driven by disciplined expense management and solid gross margin results, the analyst tells investors. While these results add confidence to the outlook, estimates for the second half of the year are likely to moderate relative to prior expectations given the maintained guidance, the firm says.