Mizuho Securities Cuts Price Target on Michael Kors (KORS) Following a Survey
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Cowen Downgrades Michael Kors (KORS) to Market Perform
October 26, 2015 6:19 AM EDTCowen 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...)
October 22, 2015 9:30 AM EDTRelypsa (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
October 22, 2015 8:51 AM EDTBofA/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.
... MoreAfter-Hours Movers 10/21: (OCLR) (TXN) (EBAY) Higher; (CYH) (NOW) (AXP) Lower (more...)
October 21, 2015 6:09 PM EDTOclaro (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
October 21, 2015 4:45 PM EDTGreenlight Takes New Long in UIL Holdings (NYSE: UIL) - Bloomberg Citing Q3 Letter
... MoreDavid Einhorn's Greenlight Capital Accumulates New Stake in Michael Kors (KORS)
October 21, 2015 4:43 PM EDT(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
