UPDATE 1-RESEARCH ALERT-AG Edwards raises Kohl to buy

(Changes source, adds details)

Jan 29 (Reuters) -

KOHL CORP. (KSS.N)

Current Prior Rating Buy Hold

--A.G. Edwards cited the success of the mid-priced department store operator in managing the flow of goods into its stores and the rapid improvement in its private and otherwise exclusive brand programs.

--The brokerage has a price target of $86 on the stock which was up 82 cents to $69.77 in late morning trade on the New York Stock Exchange. (Reporting by Savitha Kalyanaraman in Bangalore)