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KORS

Michael Kors

$46.18

1.53 (3.43%)

17:42
09/19/17
09/19
17:42
09/19/17
17:42

Michael Kors initiated with an Equal Weight at Barclays

Barclays analyst Chethan Mallela started Michael Kors with an Equal Weight rating and $44 price target. The analyst after the close initiated coverage of the U.S. Retail Softlines sector with a Neutral industry view.

KORS Michael Kors
$46.18

1.53 (3.43%)

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.
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.
09/19/17
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.
09/19/17
09/19/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Gap (GPS) upgraded to Neutral from Underperform at Credit Suisse analyst Christian Buss saying his firm's brick-and-mortar real estate analysis indicates Gap is better positioned than he thought. 2. Michael Kors (KORS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the turnaround in retail is just starting, while sentiment on the shares is "extremely negative." 3. McKesson (MCK) upgraded to Outperform from Neutral at Baird with analyst Eric Coldwell calling his rating change a "tactical/trading call" following the shares' material underperformance, both year-to-date and over the last twelve months. 4. NetApp (NTAP) upgraded to Buy from Neutral at UBS with analyst Steven Milunovich saying NetApp's product position is improved with a re-write of its storage software contributing to all-flash success. 5. Knight-Swift (KNX) resumed with a Buy from Neutral at Citi with analyst Christian Wetherbee saying the truck market recovery appears to be accelerating in the second half of 2017, and Knight-Swift is best levered to an improving truckload market. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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SPX

S&P 500

$0.00

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CLNS

Colony NorthStar

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LEN

Lennar

$50.87

-1.4 (-2.68%)

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H

Hyatt

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ABT

Abbott

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JBL

Jabil Circuit

$28.27

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SSNC

SS&C

$49.52

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Commerce Bancshares

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AVID

Avid Technology

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VFC

VF Corp.

$80.43

-0.48 (-0.59%)

09:00
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PFNX

Pfenex

$6.91

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TIF

Tiffany

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IGT

International Game

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TSC

TriState Capital

$27.05

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  • 24

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TJX

TJX

$87.50

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, M

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$33.12

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M

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$33.12

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$2.33

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  • 24

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MU

Micron

$58.95

3.47 (6.25%)

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Bank of America

$30.89

0.34 (1.11%)

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MU

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$58.95

3.47 (6.25%)

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SLB

Schlumberger

$73.74

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TMO

Thermo Fisher

$217.88

1.2 (0.55%)

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  • 23

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CY

Cypress Semiconductor

$16.31

0.2 (1.24%)

08:54
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Cypress Semiconductor initiated  »

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TOL

Toll Brothers

$39.46

-4.14 (-9.50%)

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MRVL

Marvell

$21.92

0.5 (2.33%)

08:51
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  • 31

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IDTI

Integrated Device

$32.49

0.41 (1.28%)

08:50
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Initiation
Integrated Device initiated  »

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  • 29

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