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Fly News Breaks for May 20, 2015
KORS
May 20, 2015 | 06:46 EDT
Piper Jaffray believes Michael Kors' multiple could "struggle" to expand amid concerns around slowing North America sales. Piper says it remains on the sidelines into the retailer's Q4 results, but admits its Q4 earnings per share estimate of 90c could be conservative. It keeps a Neutral rating on the stock with a $64 price target.
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