Jefferies Upgrades Michael Kors (KORS) to Buy
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Goldman Sachs Removes Michael Kors (KORS) from CL-Buy List
November 5, 2014 7:27 AM ESTGoldman Sachs downgraded Michael Kors (NYSE: KORS) from Conviction Buy to Buy with a price target of $95.00 (from $143.00). The change follows weaker than expected Q2 comps. Analyst Lindsay Drucker Mann continues to think the stock is attractive.
"The 2Q15 (Sept.) EPS report delivered some negatives vs. our expectations, but we believe these had already been discounted... More
Sterne Agee Maintains Neutral Stance on Michael Kors (KORS) Post Q2
November 4, 2014 11:27 AM ESTSterne Agee analyst Ike Boruchow reiterated a Neutral rating and $85 price target on Michael Kors (NYSE: KORS) following strong Q2 results.
Boruchow commented, "KORS posted another robust top and bottom-line performance in Q2, driving ~40% revenue and EPS growth. Stronger than expected sales and... More
Goldman Sachs Comments on Michael Kors' (KORS) Q2
November 4, 2014 8:51 AM ESTMichael Kors (NYSE: KORS) was pressured pre-marketed Tuesday after it reported disappointing Q2 results. Goldman Sachs analyst Lindsay Drucker Mann noted a slowdown in comps, but remains positive on the stock overall.
"The concerns on the shares up to this point have been related to weaker margin behavior. Todays release, which marks the first... More
Michael Kors (KORS) Tops Q2 EPS by 11c, Guidance Misses
November 4, 2014 7:05 AM ESTMichael Kors (NYSE: KORS) reported Q2 EPS of $1.00, $0.11 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.1 million versus the consensus estimate of $977.49 million.
Michael Kors sees Q3 2015 EPS of $1.31-$1.34, versus the consensus of $1.34. This assumes a low... More
