Kohl's Stock Upgraded: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
"Big One" bath towels for only $1.79? $4 for a Crock-Pot? Less than $12 for a queen-size mattress pad and pillow -- combined!?
Sometimes, the bargains at Kohl's (NYSE: KSS) seem too great to resist, and according to the analysts at R.W. Baird, the same might be true of Kohl's stock. This morning, Baird announced it is upgrading shares of Kohl's stock to outperform despite the company's disappointing earnings announcement yesterday. As the analyst explains, there comes a point when Kohl's stock gets too cheap to resist -- and that point is getting closer by the day.
Source: Fool.com