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Fly News Breaks for February 1, 2016
KORS
Feb 1, 2016 | 07:28 EDT
Jefferies analyst Randal Konik tells investors to take another look at Michael Kors now that the "bear case has been met." Channel checks with malls point to healthy trends during holiday for the Kors brand, Konik tells investors in a research note. Further, the stock is trading at trough multiples, he contends. The analyst keeps a Buy rating on Kors with a $70 price target.
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