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Fly News Breaks for October 26, 2015
KORS
Oct 26, 2015 | 07:24 EDT
As reported previously, Cowen downgraded Michael Kors to Market Perform from Outperform. The firm cited caution on handbag category growth as well as high inventories and slowing momentum. Cowen lowered its price target to $43 from $46 on Michael Kors shares.
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