Kohl's makeover could lift shares: Barron's

Sun Oct 27, 2013 1:35pm EDT
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(Reuters) - Skeptics who think that Kohl's Corp (KSS.N: Quote) is a bland stock should reconsider, according to a report in financial weekly Barron's October 28 edition.

The retail chain is undergoing a makeover 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 (SBUX.O: Quote) 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.

(Reporting by Jennifer Saba in New York; Editing by Nick Zieminski)