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Fly News Breaks for November 14, 2016
KORS
Nov 14, 2016 | 10:46 EDT
As previously reported, Morgan Stanley downgraded Michael Kors to Equal Weight from Overweight and lowered its price target to $52 from $69. Analyst Kimberly Greenberger said Michael Kors FY17 guidance cut reduced her confidence in earnings visibility and now sees more balanced risk/reward in shares.
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