Deutsche Bank adds Kohl's, Foot Locker to 'short-term catalyst buy' idea

KSS

11/08/2021 16:21

** Deutsche Bank adds department-store chain Kohl's Corp
 KSS.N  and sneakers seller Foot Locker  FL.N  to "short-term
catalyst buy" idea ahead of quarterly earnings
    ** Kohl's up 2% at $55.92, while Foot Locker up 1% at $57.10
    ** DB analyst Gabriella Carbone notes both stocks have
underperformed over the past three months
    ** Foot Locker shares could see substantial move with strong
quarter, given it is one of the only retailers in coverage group
that is up against strong comparables - Carbone 
    ** Brokerage raises PT on Foot Locker to $72 from $68, with
median PT at $72.50
    ** Kohl's stock has fallen out of favor, leaving room for
"interesting setup" - Carbone
    ** Brokerage raises PT on Kohl's to $73 from $67, with
median PT at $66
    ** Kohl's up 37% this year, while Foot Locker up 41%

 (Reporting by Praveen Paramasivam)
 ((Praveen.Paramasivam@thomsonreuters.com;))