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Fly News Breaks for June 2, 2016
KORS
Jun 2, 2016 | 08:03 EDT
RBC Capital believes that Michael Kors' in-line Q4 results alleviated concerns about a slowdown of the company's core business and removed some of the longer term overhangs on the stock related to the Chinese license deal, its North American wholesale strategy and the longer term outlook of the company's margins. However, the firm does not believe that the company's trends are poised to accelerate in the short-term, and it keeps a Sector Perform rating on the name.
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