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Fly News Breaks for February 8, 2018
KORS
Feb 8, 2018 | 07:37 EDT
Canaccord analyst Camilo Lyon noted Michael Kors delivered solid Q4 results. He said the results underpin the company's Runway 2020 turnaround plan is driving sooner than expected traction that he believes will accelerate the company's ability to return to 20% EBIT margins over time. Lyon reiterated his Buy rating and raised his price target to $84 from $81 on Michael Kors shares.
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