Michael Kors (KORS) implied volatility elevated as shares trend up from five-year low

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Michael Kors (KORS) PT Raised to $45 at Cowen Following 1Q

August 8, 2017 5:28 PM EDT

Cowen raised its price target on Michael Kors (NYSE: KORS) to $45.00 (from $35.00) while maintaining a Market Perform rating following the company's 1Q earnings report. KORS reported an EPS beat along side comps of -5.9% that are well above -9.2% expectations.

On the call,... More