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Fly News Breaks for September 19, 2017
KORS
Sep 19, 2017 | 06:09 EDT
Oppenheimer analyst Anna Andreeva upgraded Michael Kors to Outperform and raised her price target for the shares to $55 from $44. The turnaround in retail is just starting, while sentiment on the shares is "extremely negative," Andreeva tells investors in a research note. She believes Kors' category diversification is underappreciated and that Jimmy Choo offers upside potential.
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