Kohl's makeover could lift shares -Barron's
Oct 27 (Reuters) - Skeptics who think that Kohl's Corp is a bland stock should reconsider, according to a report in financial weekly Barron's Oct. 28 edition.
The retail chain is undergoing a make over that could set the stock up to rise more than 20 percent.
With 1,158 stores in 49 states, Kohl's announced new personnel changes, including a former high-ranking Starbucks executive who is now the company's first chief customer officer. A current merchandise overhaul and shareholder-friendly practices like buybacks and dividends, should be a reason to "stick around," Barron's said.
The stock could reach the mid- to high-$60 range, it said. Kohl's shares closed down 0.3 percent on Friday at $54.74.
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- Crunch time for Gaza truce talks as death toll passes 800 |
- World's oldest joke traced back to 1900 BC
- French warplanes search Mali desert for crashed Air Algerie plane |
- Wreckage of Air Algerie plane carrying 116 people found in Mali |