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KORS

Michael Kors

$44.65

-0.27 (-0.60%)

07:43
09/19/17
09/19
07:43
09/19/17
07:43

Technical View: Michael Kors moves higher, analyst action

Shares were last up over 2.5% in the pre-market to $45.80. At that price next resistance is at $47.21. Support is a the $45 area. Oppenheimer upgraded the stock to Outperform and sharply increased its price target from $44 to $55.

KORS Michael Kors
$44.65

-0.27 (-0.60%)

09/19/17
OPCO
09/19/17
UPGRADE
Target $55
OPCO
Outperform
Michael Kors upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Anna Andreeva upgraded Michael Kors to Outperform and raised her price target for the shares to $55 from $44. The turnaround in retail is just starting, while sentiment on the shares is "extremely negative," Andreeva tells investors in a research note. She believes Kors' category diversification is underappreciated and that Jimmy Choo offers upside potential.
09/14/17
JEFF
09/14/17
NO CHANGE
Target $60
JEFF
Buy
Jefferies sees 50% upside for shares of Michael Kors
After attending the KORS Collection show, Jefferies analyst Randal Konik finds it clear that the Michael Kors (KORS) brand is strong with global reach and a large total addressable market. "Michael Kors is a brand and brands have scarcity value in today's world," Konik tells investors in a research note after saying, "If you believe Amazon (AMZN) takes over the world what it won't replace is brands." The analyst adds that his firm's proprietary handbag data is showing improvement. Calling shares of Michael Kors a "value trap" is insulting," Konik writes. He sees 50% upside potential in the stock with downside risk of just 10%. The analyst keeps a Buy rating on the handbag maker with a $60 price target in a research note titled "(1) Iconic Designer, (2) BETTER DATA, (3) 10x P/E = 50% Stock Upside." Kors closed yesterday up 34c to $42.92. Konik points out that Kors trades at a 10 times price-to-earnings ratio while Coach (COH) trades near 20 times. "This makes no sense," says the analyst.
09/12/17
BERN
09/12/17
INITIATION
Target $37
BERN
Underperform
Michael Kors initiated with an Underperform at Bernstein
Bernstein analyst Jamie Merriman started Michael Kors with an Underperform rating and $37 price target as he thinks a sharper pull back in North American wholesale, which was 40% of reported sales in FY17, is needed to reposition the brand and improve pricing. Until that happens, the analyst expects sales growth to fall short of guidance and consensus expectations.
08/11/17
UBSW
08/11/17
NO CHANGE
Target $55
UBSW
Buy
Michael Kors store closures a tailwind for Coach, says UBS
UBS analyst Michael Binetti said Michael Kors (KORS) has started its planned closure of 100-125 stores, which should create a significant tailwind and catalyst for Coach (COH). Coach is now approaching a period of sustained easing of competitive intensity, giving it a multi-year market share recovery opportunity. Binetti reiterated his Buy rating and $55 price target on Coach shares.

TODAY'S FREE FLY STORIES

GNRC

Generac

$50.49

-0.4 (-0.79%)

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ADP

ADP

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PRKR

ParkerVision

$1.50

-0.06 (-3.85%)

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GPRO

GoPro

$9.23

0.15 (1.65%)

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Technical View: GoPro trades higher, analyst action »

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NAVI

Navient

$12.20

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CMG

Chipotle

$329.30

8.91 (2.78%)

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UNH

UnitedHealth

$203.89

10.69 (5.53%)

, AMZN

Amazon.com

$1,009.13

2.79 (0.28%)

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UNH

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AAN

Aaron's

$41.55

0.01 (0.02%)

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  • 27

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BMTC

Bryn Mawr Bank

$44.50

-0.1 (-0.22%)

, FCF

First Commonwealth

$13.94

-0.26 (-1.83%)

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BMTC

Bryn Mawr Bank

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First Commonwealth

$13.94

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ONB

Old National Bancorp

$18.40

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HCC

Warrior Met Coal

$24.04

0.51 (2.17%)

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MOH

Molina Healthcare

$61.54

1.68 (2.81%)

, UNH

UnitedHealth

$203.89

10.69 (5.53%)

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MOH

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$61.54

1.68 (2.81%)

UNH

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$203.89

10.69 (5.53%)

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$93.80

2.88 (3.17%)

WCG

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CI

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ANTM

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HNT

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HUM

Humana

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IBM

IBM

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-0.29 (-0.20%)

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NVO

Novo Nordisk

$49.31

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TSLA

Tesla

$355.75

5.15 (1.47%)

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  • 06

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ATTU

Attunity

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  • 16

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MYGN

Myriad Genetics

$35.84

-0.26 (-0.72%)

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MAIN

Main Street

$40.07

-0.1 (-0.25%)

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  • 03

    Nov

JNJ

Johnson & Johnson

$140.79

4.67 (3.43%)

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IONS

Ionis Pharmaceuticals

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LRCX

Lam Research

$194.55

2.19 (1.14%)

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IMRN

Immuron

$5.03

0.1 (2.03%)

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BLRX

BioLineRx

$1.09

-0.065 (-5.63%)

, RHHBY

Roche

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BLRX

BioLineRx

$1.09

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RHHBY

Roche

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CEVA

CEVA

$45.40

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