Telsey downgraded Michael Kors (NYSE: KORS) from Outperform to Market Perform with a price target of $50.00 (from $84.00).

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 $45.93 yesterday.

Analyst PT Change Downgrades

Canaccord Genuity Cuts Price Target on Michael Kors (KORS) Following Q4 May 28, 2015 10:09 AM Oppenheimer Cuts Price Target Following Michael Kors (KORS) Q4 Results May 28, 2015 8:44 AM Stephens Downgrades Michael Kors (KORS) to Equal WeightMay 28, 2015 8:41 AM Piper Jaffray Cuts Price Target on Fossil Group (FOSL) Following Michael Kors (KORS) Q4 Results May 28, 2015 7:46 AM Piper Jaffray Cuts Price Target on Michael Kors (KORS) Following Q4 Miss May 28, 2015 7:38 AM UPDATE: Goldman Sachs Downgrades Michael Kors (KORS) to NeutralMay 28, 2015 6:51 AM BofA/Merrill Lynch Downgrades Michael Kors (KORS) to NeutralMay 27, 2015 12:48 PM JPMorgan Downgrades Michael Kors (KORS) to NeutralMay 27, 2015 10:00 AM Fossil Group (FOSL) Sinks on Dismall Results, Outlook for Partner Michael Kors (KORS)May 27, 2015 9:36 AM Pre-Open Stock Movers 05/27: (EOX) (OPXA) (TIF) Higher; (KORS) (WDAY) (CHS) Lower (more...)May 27, 2015 9:27 AM Piper Jaffray Wouldn't Buy Michael Kors (KORS) on Post-Q1, Outlook WeaknessMay 27, 2015 9:00 AM Michael Kors (KORS) Misses Q4 EPS by 1c, Issues Light FY16 OutlookMay 27, 2015 7:05 AM Michael Kors Holdings Limited Announces Fourth Quarter and Annual Fiscal 2015 ResultsMay 27, 2015 7:00 AM