UPDATE: Bernstein Upgrades Michael Kors (KORS) to Market Perform

Michael Kors (KORS) PT Lowered to $52 at MKM Partners

MKM Partners analyst Roxanne Meyer lowered the price target on Michael Kors (NYSE: KORS) to $52.00 (from $74.00) while maintaining a Neutral rating.

Meyer commented, "While 2Q handily beat expectations, the upside stemmed from lower SG&A and a lower tax rate, while the... More

UPDATE: Credit Suisse Downgrades Michael Kors (KORS) to Neutral

(Updated - November 9, 2018 8:25 AM EST)

(updated to add analyst comments)

Credit Suisse analyst Michael Binetti downgraded Michael Kors (NYSE: KORS) from Outperform to Neutral with a price target of $52.00 (from $75.00).

Binetti noted disappointing Q2 trends with SSS down... More

Michael Kors (KORS) PT Lowered to $60 at Cowen

Cowen analyst Oliver Chen lowered the price target on Michael Kors (NYSE: KORS) to $60.00 (from $80.00) while maintaining a Market Perform rating.

Chen commented, "......inventory repositioning, negative near-term comps & markdown pressures may keep valuation at bay. 2Q EPS beat was by +17c. However,... More

Michael Kors (KORS) PT Lowered to $67 at Needham & Company

Needham & Company analyst Rick Patel lowered the price target on Michael Kors (NYSE: KORS) to $67.00 (from $75.00) while maintaining a Buy rating.

Patel commented, "We attribute KORS stock decline (despite its upward EPS revision) to concerns about inventory management and its... More

Michael Kors (KORS) PT Lowered to $60 at RBC Capital

RBC Capital analyst Brian Tunick lowered the price target on Michael Kors (NYSE: KORS) to $60.00 (from $74.00) while maintaining a Sector Perform rating.

Michael Kors (KORS) PT Lowered to $69 at Morgan Stanley

Morgan Stanley analyst Kimberly Greenberger lowered the price target on Michael Kors (NYSE: KORS) to $69.00 (from $70.00) while maintaining a Equalweight rating.

Michael Kors (KORS) PT Lowered to $78 at Deutsche Bank

Deutsche Bank analyst Paul Trussell lowered the price target on Michael Kors (NYSE: KORS) to $78.00 (from $83.00) while maintaining a Buy rating.

Michael Kors (KORS) PT Lowered to $68 at Piper Jaffray

Piper Jaffray analyst Erinn Murphy lowered the price target on Michael Kors (NYSE: KORS) to $68.00 (from $71.00) while maintaining a Overweight rating.