Kohl’s price target raised to $4.50 from $4 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Kohl’s (KSS) to $4.50 from $4 and keeps a Sell rating on the shares. The company terminated its CEO for cause followed an investigation that determined Mr. Buchanan violated KSS’s policies by directing the company to conduct business with vendors wherehe had undisclosed conflict of interests, but its Q1 preliminary forecast was ahead of expectations, with an expected comps decline of 4.3% to 4.0% better than the expected consensus of down 6.4%, the analyst tells investors in a research note.