Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

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Go back to Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

Michael Kors (KORS) PT Lowered to $75 at Needham & Company, Reiterates 'Buy'

September 26, 2018 9:04 AM EDT

Needham & Company analyst Rick Patel lowered the price target on Michael Kors (NYSE: KORS) to $75.00 (from $79.00) while maintaining a Buy rating.

Patel commented, "We reiterate our Buy rating on KORS. Following Mondays pullback (stock -8%), we believe the market has already... More

Michael Kors (KORS) PT Raised to $80 at Cowen; 'Well-Positioned to Step Change Versace's Growth & Margins Over Time'

September 26, 2018 6:21 AM EDT

Cowen analyst Oliver Chen raised the price target on Michael Kors (NYSE: KORS) to $80.00 (from $78.00) while maintaining a Market Perform rating, following the company's announced deal for Versace.

Analyst Chen notes a positive outlook on KORS, suggesting the company paid a fair... More

William Blair Remains Sidelined on Michael Kors (KORS) Following Versace Acquisition Reports

September 25, 2018 9:01 AM EDT

William Blair analyst, Dylan Carden, reiterated a Market Perform rating on Michael Kors (NYSE: KORS) following an Italian press report that said Versace was nearing a sale with a handful of companies. Both KORS and Tiffany (NYSE: TIF) are... More