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Fly News Breaks for May 28, 2015
KORS
May 28, 2015 | 05:41 EDT
Goldman Sachs downgraded Michael Kors to Neutral citing a lack of visibility into comp stabilization following the company's Q4 results and Q1 guidance. Goldman says Kors' U.S. comp trends are "far weaker" than it expected. It cut its price target for shares to $50 from $93.
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