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Fly News Breaks for November 4, 2015
KORS
Nov 4, 2015 | 14:48 EDT
Evercore ISI said Michael Kors' Q2 earnings upside and first sequential comp improvement in two years, suggests that the underlying earnings run rate could be closer to $5 than the $3 many investors had feared. Analyst Omar Saad believes shares could return to the $70 range as P&L trends continue to improve and reiterated his Buy rating and $70 price target on shares.
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