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Fly News Breaks for April 25, 2016
KORS, COH
Apr 25, 2016 | 08:18 EDT
After analyzing data involving Average Unit Retail trends, Jefferies analyst Randal Konik recommends buying shares of Coach (COH) and Michael Kors (KORS). The data indicate a stabilizing promotional environment and an uptick for the handbag category at the expense of footwear, Konik tells investors in a research note. The analyst sees support for his above consensus estimates for both companies and reiterates Buy ratings on Coach and Kors.
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