Goldman Sachs Pounds Table on Michael Kors (KORS) into Q3 Report

January 25, 2013 9:56 AM EST Send to a Friend
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Price: $73.84 +0.56%

Rating Summary:
    16 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 16 | New: 41
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Goldman Sachs pounded the table on Conviction Buy List-rated Michael Kors (NYSE: KORS) into the 2/12 Q3 print.

"Market and market share data reported by competitors, most recently COH, implies solid comp and EPS upside for KORS. In our view, this dynamic is not yet reflected in shares, and we expect will inspire both upward EPS revisions and multiple expansion on earnings day."

The firm maintained their CL rating and price target of $75.00

For an analyst ratings summary and ratings history on Michael Kors click here. For more ratings news on Michael Kors click here.

Shares of Michael Kors closed at $56.73 yesterday.


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