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Fly News Breaks for May 24, 2017
KORS
May 24, 2017 | 09:36 EDT
Credit Suisse analyst Christian Buss said the firm's proprietary handbag and watch data suggests heightened markdown intensity in Q4, with March being "particularly difficult." The analyst, who sees the data adding risk to Michael Kors' Q4 report, keeps a Neutral rating on the stock and lowered his price target on Kors to $39 from $42.
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