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Michael Kors (KORS) PT Lowered to $72 at Credit Suisse Following 4Q Beat

May 31, 2018 8:11 AM EDT

Credit Suisse lowered its price target on Michael Kors (NYSE: KORS) to $72.00 (from $75.00) while maintaining a Outperform rating following the company's 4Q. F4Q EPS of $0.72 significantly beat the Street's $0.60 estimate.

Credit Suisse trimmed FY19 EPS to $4.75 vs. $4.85 prev (Guide: $4.65-$4.75)... More