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Fly News Breaks for July 23, 2015
KORS
Jul 23, 2015 | 08:48 EDT
Buckingham downgraded Michael Kors to Neutral and lowered its price target to $42 from $60. The firm believes there may be a significant reversal in handbag trends in department stores in June and July that could lead to escalated promotions and a meaningful downward revision to FY16 earnings guidance.
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