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 areport in financial weekly Barron's Oct. 28 edition.

The retail chain is undergoing a make over that could setthe stock up to rise more than 20 percent.

With 1,158 stores in 49 states, Kohl's announced newpersonnel changes, including a former high-ranking Starbucks executive who is now the company's first chief customerofficer. A current merchandise overhaul and shareholder-friendlypractices 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.

View Comments (1)