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Fly News Breaks for May 15, 2017
KORS
May 15, 2017 | 05:52 EDT
Deutsche Bank analyst Paul Trussell downgraded Michael Kors to Hold saying over-saturation in North America and a lack of innovation in handbags will likely lead to ongoing comp weakness and margin pressure. He does not believe an inflection is imminent and cut his price target for the shares to $40 from $47.
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