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Fly News Breaks for April 30, 2018
KORS
Apr 30, 2018 | 08:04 EDT
Buckingham analyst Kelly Crago assumed coverage on Michael Kors with a Buy and $84 price target saying it is poised to easily beat conservative FY19 and FY20 estimates. Crago said management efforts to elevate its product offering, clean up distribution, and grow internationally are taking hold, and the recent Jimmy Choo acquisition provides additional growth and margin expansion opportunities.
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