Goldman Sachs Starts Michael Kors (KORS) at Buy, Sees Room to Run

January 24, 2012 6:58 AM EST
Get Alerts KORS Hot Sheet
Price: $37.92 --0%

Rating Summary:
    15 Buy, 25 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Goldman Sachs initiates coverage on recent IPO Michael Kors (NYSE: KORS) with a Buy rating and $34 price target.

The firm said KORS is in teh earlier stages of tapping its strong brand positioning and long-term growth opportunities. The firm sees attractive positioning, significant momentum and sizeable room to grow.

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 $29.76 yesterday.


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