Versace takeover will bring jobs to Italy, its designer says

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Go back to Versace takeover will bring jobs to Italy, its designer says

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