Michael Kors (KORS) PT Raised to $84 at Canaccord Genuity

Canaccord Genuity raised its price target on Michael Kors (NYSE: KORS) to $84.00 (from $81.00) while maintaining a Buy rating.

Analyst Camilo Lyon comments "...we see the KORS brand recouping its position in the market as it drives a greater full price strategy buoyed by significant increases in innovation, all of which bode well for a return to organic growth, potentially as soon as in 1-2 quarters."

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