BAML calls Kohl's a department store outlier

• Bank of America Merrill Lynch (NYSE:BAC) sees Kohl's (NYSE:KSS) as an outlier in the department store sector as earnings approach.
• "We think out-of-the box strategies (i.e., Amazon (NASDAQ:AMZN) returns, Weight Watchers) and investments in athletic, new brands, and a focus on speed should continue to drive share gains and support strong free cash flow," advises the firm.
• "Kohl's also is well positioned to benefit from a healthier lower-income consumer that is experiencing ongoing wage inflation."
• Looking ahead, BAML has a 2019 EPS estimate of $5.81 on Kohl's vs. the consensus estimate of $5.75.
• The firm has Underperform ratings on Dillard's, Macy's (NYSE:M), Nordstrom (NYSE:JWN) and JCPenney - while keeping a Buy rating on Kohl's.
• Now read: Kohl's: Expect Another Dividend Increase In 2019

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