For once, on Wednesday, meme stock Kohl’s (NYSE: KSS) didn’t move because of fevered online chatter or hype. The company was the subject of an analyst’s price target increase, and investors pushed into the retailer‘s shares as a consequence. Kohl’s finished the day almost 4% higher, providing a contrast to the slumping S&P 500 index; this fell marginally, by 0.1%.
Baird’s Mark Altschwager made the move Wednesday morning, changing his fair value assessment to $17 per share from his previous $15. That doesn’t quite make him a Kohl’s bull, however, as he left his neutral recommendation on the stock unchanged.
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