Jefferies Raises Numbers on Michael Kors (KORS) Ahead of Q3 Results
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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
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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Jefferies raised estimates and its price target on Michael Kors (NYSE: KORS) from $35 to $40 ahead of Q3 results before the market open on Tuesday, February 14.
The firm raised Q3 EPS from $0.11 to $0.13, FY12 from $0.57 to $0.59 and FY13 from $0.71 to $0.80.
The analyst commented, "We expect a solid quarter led by continued robust topline results from strong SSS and square footage growth. We continue to like Michael Kors' accessible luxury brand positioning, early stage growth profile and significant international expansion opportunity and reiterate our Buy rating and raise PT to $40.
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 $33.47 yesterday.
The firm raised Q3 EPS from $0.11 to $0.13, FY12 from $0.57 to $0.59 and FY13 from $0.71 to $0.80.
The analyst commented, "We expect a solid quarter led by continued robust topline results from strong SSS and square footage growth. We continue to like Michael Kors' accessible luxury brand positioning, early stage growth profile and significant international expansion opportunity and reiterate our Buy rating and raise PT to $40.
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 $33.47 yesterday.
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