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Fly News Breaks for June 2, 2016
KORS
Jun 2, 2016 | 09:03 EDT
Canaccord said Michael Kors' fundamentals continue to weaken and are a source of a concern despite the decent quarterly results it just posted. The firm cited the pressure of excessive promotions, weak traffic trends, and general structural issues. Canaccord maintained its Hold rating and $45 price target on Michael Kors shares.
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