The meaty part of the Cowen note: “KSS stock has run +50% in the last twelve months; however, we see further upside given our view that comp store sales momentum can continue which will lead to positive EPS revisions. At the same time, with greater visibility and consistency given product, store, loyalty, and digital efforts – KSS’ P/E multiple can expand as well.” Cowen assigns a price target of $74 to Kohl’s as it sees significant gross margin expansion for the company. https://seekingalpha.com/news/3337966-cowen-raves-kohls