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Fly News Breaks for April 18, 2017
KORS, COH, KATE
Apr 18, 2017 | 12:18 EDT
Jefferies analyst Randal Konik believes Kate Spade's (KATE) "light" Q1 results are likely to give any potential bidders for the company pause. Further, the quarter is likely to drive a "more sober purchase multiple if a transaction materializes," Konik tells investors in a research note. The analyst believes Coach (COH) would be a more logical acquirer than Michael Kors (KORS) due to relative valuations.
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