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Fly News Breaks for May 31, 2018
KORS
May 31, 2018 | 07:01 EDT
Nomura Instinet analyst Simeon Siegel views the post-earnings selloff yesterday in shares of Michael Kors as a buying opportunity. He points out that Kors is among the most conservative guiders in his coverage. The current risk/reward will prove attractive over the next few quarters, Siegel tells investors in a research note. He keeps a Buy rating on Michael Kors with an $80 price target.
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