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Fly News Breaks for February 13, 2018
KORS
Feb 13, 2018 | 07:01 EDT
Oppenheimer analyst Anna Andreeva notes that since reporting a "stellar" Q3, Michael Kors is down 8%, with concerns including timeline for positive comps/growth in Wholesale, reinvestment of tax savings into the business, and given it postponed a 10-Q filing. However, the analyst believes the selloff is not warranted and reiterates an Outperform rating and $90 price target on the shares as estimates seem poised for upside.
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