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KORS

Michael Kors

$60.89

1.09 (1.82%)

07:01
02/13/18
02/13
07:01
02/13/18
07:01

Michael Kors selloff not warranted, says Oppenheimer

Oppenheimer analyst Anna Andreeva notes that since reporting a "stellar" Q3, Michael Kors is down 8%, with concerns including timeline for positive comps/growth in Wholesale, reinvestment of tax savings into the business, and given it postponed a 10-Q filing. However, the analyst believes the selloff is not warranted and reiterates an Outperform rating and $90 price target on the shares as estimates seem poised for upside.

KORS Michael Kors
$60.89

1.09 (1.82%)

02/08/18
MSCO
02/08/18
NO CHANGE
Target $57
MSCO
Equal Weight
Michael Kors price target raised to $57 from $51 at Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said Michael Kors' Q3 results suggest the business is stabilizing and that the company's "conservative" Q4 guidance could support the stock near-term. She raised her price target on the stock to $57, but maintains an Equal Weight rating, contending that its valuation "feels full" given the company's negative comps and mid-single digit EPS growth.
02/08/18
RBCM
02/08/18
NO CHANGE
Target $71
RBCM
Sector Perform
Michael Kors price target raised to $71 from $58 at RBC Capital
RBC Capital analyst Brian Tunick raised his price target on Michael Kors to $71 after an "impressive" Q3 earnings beat, with outperformance driven by comps, upside to Jimmy Choo revenues, and better than forecast operating margins. Tunick adds that the retail and wholesale recovery appear to be fueled by the favorable environment such as improved mall traffic and handbag market growth acceleration. The analyst keeps his Sector Perform rating on Michael Kors, stating that the price "already bakes in most of this upside".
02/08/18
BMOC
02/08/18
NO CHANGE
Target $65
BMOC
Market Perform
Michael Kors price target raised to $65 from $55 at BMO Capital
BMO Capital analyst John Morris raised his price target on Michael Kors to $65 and kept his Market Perform rating. Morris says the company has a habit of "beating lower expectations" and deems its Q4 EPS view as conservative. While the majority of the Q3 earnings beat was on lower SG&A expense, the analyst says he is positive on the company's execution of full price selling strategy as evidenced in its 100bp margin expansion.
02/09/18
JPMS
02/09/18
INITIATION
Target $62
JPMS
Neutral
Michael Kors reinstated with a Neutral at JPMorgan
JPMorgan analyst Matthew Boss reinstated Michael Kors with a Neutral rating and $62 price target.

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TSLA

Tesla

$347.49

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ElectroCore

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CarMax

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Qualcomm

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Apple

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XRX

Xerox

$26.45

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, FUJIY

Fujifilm

$0.00

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Fujifilm

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EADSY

Airbus

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TNDM

TNDM

, MDT

Medtronic

$86.29

0.11 (0.13%)

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TNDM

TNDM

MDT

Medtronic

$86.29

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$165.62

-3.64 (-2.15%)

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SPLK

Splunk

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SGH

Smart Global

$39.79

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TCS

Container Store

$8.73

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LRCX

Lam Research

$176.01

1.54 (0.88%)

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BDRBF

Bombardier

$0.00

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, ERJ

Embraer

$25.48

-0.2 (-0.78%)

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Bombardier

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ERJ

Embraer

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WOW

WideOpenWest

$9.44

-0.2497 (-2.58%)

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CABO

Cable One

$716.20

-2.81 (-0.39%)

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

, DIS

Disney

$105.89

-1.39 (-1.30%)

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21st Century Fox

$48.34

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DIS

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$105.89

-1.39 (-1.30%)

CMCSA

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MDT

Medtronic

$86.29

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AEO

American Eagle

$25.27

0.615 (2.49%)

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GOOG

Alphabet

$1,157.63

-11.75 (-1.00%)

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Alphabet Class A

$1,169.56

-14.27 (-1.21%)

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GOOG

Alphabet

$1,157.63

-11.75 (-1.00%)

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Alphabet Class A

$1,169.56

-14.27 (-1.21%)

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NMR

Nomura

$4.85

-0.075 (-1.52%)

18:09
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GLD

SPDR Gold Trust

$120.06

-0.2 (-0.17%)

18:02
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WFC

Wells Fargo

$54.37

-0.13 (-0.24%)

17:50
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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

, DIS

Disney

$105.89

-1.39 (-1.30%)

17:47
06/21/18
06/21
17:47
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17:47
Periodicals
Breaking Periodicals news story on 21st Century Fox, Disney, Comcast »

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FOXA

21st Century Fox

$48.34

0.24 (0.50%)

DIS

Disney

$105.89

-1.39 (-1.30%)

CMCSA

Comcast

$32.80

-0.595 (-1.78%)

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ENTA

Enanta

$118.81

3.54 (3.07%)

17:45
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Conference/Events
Enanta management to meet with Oppenheimer »

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TNTR

Tintri

$0.20

0.0369 (22.38%)

17:32
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Tintri receives Nasdaq noncompliance notice from 10-Q filing delay »

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CUE

Cue Biopharma

$12.41

0.18 (1.47%)

17:25
06/21/18
06/21
17:25
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17:25
Syndicate
Breaking Syndicate news story on Cue Biopharma »

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