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Fly News Breaks for July 6, 2015
KORS
Jul 6, 2015 | 06:44 EDT
Piper Jaffray analyst Erinn Murphy lowered her estimates for Michael Kors after the firm's channel checks in Europe indicated the brand's momentum is moderating. Consensus estimates for Kors are yet to bottom, Murphy tells investors this morning in a research note. She lowered her price target for the stock to $44 from $47 and keeps a Neutral rating on the name.
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