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Fly News Breaks for May 31, 2018
KORS
May 31, 2018 | 07:16 EDT
Deutsche Bank analyst Paul Trussell believes the selloff yesterday in shares of Michael Kors presents a buying opportunity. The analyst notes the Q1 earnings guidance is 6% ahead of the Street and that the company posted its first positive comp growth in two years. He continues to recommend shares of Kors with a Buy rating. Trussell trimmed his price target for Kors to $83 from $86.
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