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Fly News Breaks for November 16, 2018
Nov 16, 2018 | 07:21 EDT
Oppenheimer analyst Brian Nagel re-launched coverage of Michael Kors with a Perform rating vs. Outperform previously. In a research note to investors, Nagel says he is "concerned" that ongoing challenges with inventory management and replenishment at the company's namesake brand and softness within fashion watches will weigh on top-line trends and potentially margins, just as management begins the integration of Versace.
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