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A number of stock research firms have changed their ratings and price targets for Michael Kors Holdings (NASDAQ: KORS) during the last seven days:

  • Michael Kors Holdings had its price target raised by analysts at Goldman Sachs from $105.00 to $120.00.
  • Michael Kors Holdings had its price target raised by analysts at Canaccord Genuity from $96.00 to $119.00.
  • Michael Kors Holdings had its price target raised by analysts at BMO Capital Markets to $87.00. They now have a “market perform” rating on the stock.
  • Michael Kors Holdings had its “positive” rating reaffirmed by analysts at Morgan Stanley. They wrote, “KORS’ cross category and global appeal supports our ‘best growth story in retail’ thesis. Beat & raise quarter pushes our PT to $105 while the stock’s 20x FY2e P/E looks inexpensive on 20%+ FY2e EPS growth. Reiterate O/W.”
  • Michael Kors Holdings had its price target raised by analysts at Deutsche Bank from $91.00 to $105.00. They now have a “buy” rating on the stock.
  • Michael Kors Holdings had its price target raised by analysts at Maxim Group from $99.00 to $109.00. They now have a “buy” rating on the stock.
  • Michael Kors Holdings was upgraded by analysts at Zacks from a “neutral” rating to an “outperform” rating. They now have a $96.20 price target on the stock.

Michael Kors Holdings Ltd (NASDAQ:KORS) traded down 0.22% on Wednesday, hitting $96.01. 2,358,840 shares of the company’s stock traded hands. Michael Kors Holdings Ltd has a 52 week low of $51.63 and a 52 week high of $97.78. The stock’s 50-day moving average is $82.42 and its 200-day moving average is $77.57. The company has a market cap of $19.507 billion and a P/E ratio of 32.82.

Michael Kors Holdings Limited is a global lifestyle brand . The Company designs, materials and craftsmanship with a jet-set aesthetic that combines stylish elegance and a sporty attitude.

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