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Fly News Breaks for February 8, 2018
KORS
Feb 8, 2018 | 08:37 EDT
Morgan Stanley analyst Kimberly Greenberger said Michael Kors' Q3 results suggest the business is stabilizing and that the company's "conservative" Q4 guidance could support the stock near-term. She raised her price target on the stock to $57, but maintains an Equal Weight rating, contending that its valuation "feels full" given the company's negative comps and mid-single digit EPS growth.
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