Michael Kors Holdings (KORS) Tops Q1 EPS by 10c; Issues Mixed Q2, FY15 Outlook
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August 4, 2014 12:29 PM EDT
BofA/Merrill Lynch analyst Robert Ohmes reiterated a Buy rating and $120 price target on Michael Kors (NYSE: KORS) following better-than-expected Q1 results. The stock remains their Top Pick as they say sales and EPS upside should continue.
Unlike others, Ohmes is not concerned about gross margins.... More
August 4, 2014 11:51 AM EDT
Sterne Agee analyst Ike Boruchow lowered estimates and his price target on Neutral-rated Michael Kors (NYSE: KORS) to $85.00 (from $92.00) following Q1 results, which beat on the top and bottom-line but had 'red flags abound'.
Boruchow commented, "KORS reported a... More
August 4, 2014 8:56 AM EDT
Deutsche Bank earlier commented on Michael Kors (NYSE: KORS). Comments were made in response to Q1 results, but prior to its conference call.
Analyst Dave Weiner said, "All in and relative to expectations, we believe that... More
August 4, 2014 8:38 AM EDT
After trading up over 10% on the initial release of Q1 results, shares of Michael Kors Holdings (NYSE: KORS) are now down over 5% as investors show concerns over guidance, margins and inventories.
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