Wedbush Starts Michael Kors (KORS) at Outperform; Accessible Luxury Brand on a Runway for Growth

Wedbush initiates coverage on Michael Kors (NYSE: KORS) with a Outperform. PT $36.00.

Wedbush analyst said, "KORS is a compelling global “accessible luxury” accessories, footwear and apparel brand. We expect KORS to achieve superior square footage expansion relative to the sector, strong comparable sales growth and earnings outperformance versus conservative management guidance to drive earnings ahead of expectations and fuel continued momentum in the shares over the next 12 months."

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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