Michael Kors' weak forecast suggests turnaround to take longer

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Go back to Michael Kors' weak forecast suggests turnaround to take longer

Michael Kors (KORS) PT Lowered to $36 at Oppenheimer; Reiterates Outperform

February 8, 2017 9:39 AM EST

Oppenheimer lowered its price target on Michael Kors (NYSE: KORS) to $36.00 (from $42.00) while maintaining a Outperform rating.

Analyst Anna Andreeva commented, "After flattish earnings this entire year, even with brand/category headwinds, KORS' F4Q17 guidance calls for EPS down ~25%, with comps... More

Michael Kors (KORS) PT Lowered to $38 at Mizuho Securities; Reiterates Neutral

February 7, 2017 2:00 PM EST

Mizuho Securities lowered its price target on Michael Kors (NYSE: KORS) to $38.00 (from $50.00) while maintaining a Neutral rating.

Analyst Betty Chen commented, "We are lowering our estimates and PT to $38 from $50 to reflect the dramatic guide cut and a corresponding... More