Michael Kors (KORS): Expecting In Line 1Q And Guidance Reiterated - Piper Jaffray

August 8, 2016 7:27 AM EDT
Get Alerts KORS Hot Sheet
Price: $43.25 +1.62%

Rating Summary:
    8 Buy, 29 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 18 | Down: 18 | New: 11
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Piper Jaffray analyst, Erinn Murphy, reiterated her Overweight rating on shares of Michael Kors (NYSE: KORS) ahead of earnings on Wednesday morning. She believes shares could move to the upside on inline results. Current short interest stands at 13% (similar to the level into Q4’s print) and buyside sentiment on KORS remains negative—even more so after KATE’s quarter last week.

No change to the price target of $69.

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 $50.41 yesterday.

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