Mizuho Securities Cuts Price Target on Michael Kors (KORS) Following a Survey

Cowen Downgrades Michael Kors (KORS) to Market Perform

Cowen downgraded Michael Kors (NYSE: KORS) from Outperform to Market Perform with a price target of $43.00 (from $46.00).

Analyst Oliver Chen commented, "KORS underperformed -46% YTD, yielding P/E of 9x vs. sector 17x. Why downgrade now? Our proprietary survey supports our caution on handbag... More

Pre-Open Stock Movers 10/22: (OCLR) (PFPT) (TXN) (MCD) Higher; (RLYP) (CYH) (APOL) (VRX) Lower (more...)

Relypsa (NASDAQ: RLYP) 31.6% LOWER; reversing earlier gains following FDA approval of Veltassa. Declines appear related to concerns about the drug's label. Analysts at Morgan Stanley described the label as "highly restrictive" and said it will probably limit demand.

Community Health Systems (NYSE: CYH) 23.3% LOWER; announced preliminary financial and operating results for the three... More

BofA/Merrill Lynch Reinstates Michael Kors (KORS) at Neutral

BofA/Merrill Lynch reinstated coverage on Michael Kors (NYSE: KORS) with a Neutral rating and a price target of $44.00.

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 $39.60 yesterday.

After-Hours Movers 10/21: (OCLR) (TXN) (EBAY) Higher; (CYH) (NOW) (AXP) Lower (more...)

Oclaro (NASDAQ: OCLR) 20.4% HIGHER; reported preliminary results for its first quarter of fiscal year 2016. The Company announced that it expects first quarter results to exceed its previously provided financial guidance. The Company's financial guidance was last provided on August 4, 2015. For the first quarter of fiscal year 2016, Oclaro expects: Revenues to be approximately $87.5 million, at the high end of the range previously provided. (The Street sees $85.6 million.)

Community Health Systems (NYSE: CYH) 15.5% LOWER; announced preliminary financial and... More

Greenlight Takes New Long in UIL Holdings (UIL) - Bloomberg Citing Q3 Letter

Greenlight Takes New Long in UIL Holdings (NYSE: UIL) - Bloomberg Citing Q3 Letter

David Einhorn's Greenlight Capital Accumulates New Stake in Michael Kors (KORS)

(Updated - October 21, 2015 5:40 PM EDT)

David Einhorn's Greenlight disclosed it has a new long position in Michael Kors (NYSE: KORS).

Einhorn noted shares fell as a result of a distribution center shutdown that led to a temporary halt in e-commerce, and... More