New offerings help Michael Kors sales and profit beat expectations
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Kate Spade & Co.'s (KATE) 3Q Earnings and Comp Beat are Consistent with 2015 Survey; Mizuho Securities Reiterates Buy
November 5, 2015 1:14 PM ESTMizuho Securities reiterated a Buy rating and $30.00 price target on Kate Spade (NYSE: KATE) following the company's 3Q earnings beat. The beat demonstrated comp acceleration that is consistant with 2015 surveys. KATE continues to lay the foundation for China while demonstrating sequential improvement in Japan,... More
Mizuho Securities Remains Sidelined on Michael Kors (KORS) Following 2Q Results
November 4, 2015 2:43 PM ESTMizuho Securities reiterated a Neutral rating and $42.00 price target on Michael Kors (NYSE: KORS) following the company's 2Q earnings report. While management reiterated KORS solid position given +MSD accessories growth, with dollar growth impacted by a shift to lower AUR small leather goods/cross... More
