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Analysts at Morgan Stanley began coverage on shares of Michael Kors Holdings (NASDAQ:KORS) in a research report issued to clients and investors on Tuesday. The firm set a “buy” rating and a $117.00 price target on the stock. Morgan Stanley’s price target points to a potential upside of 25.74% from the stock’s previous close.

The analysts wrote, “jet-set”

A number of other firms have also recently commented on KORS. Analysts at Topeka Capital Markets initiated coverage on shares of Michael Kors Holdings in a research note on Monday. They set a “buy” rating and a $117.00 price target on the stock. Separately, analysts at Nomura initiated coverage on shares of Michael Kors Holdings in a research note on Friday, May 2nd. They set a “buy” rating and a $116.00 price target on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of Michael Kors Holdings in a research note on Tuesday, April 29th. They set a “buy” rating and a $121.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $100.11.

Shares of Michael Kors Holdings (NASDAQ:KORS) opened at 93.05 on Tuesday. Michael Kors Holdings has a 52 week low of $56.15 and a 52 week high of $101.04. The stock has a 50-day moving average of $91.3 and a 200-day moving average of $87.71. The company has a market cap of $18.906 billion and a price-to-earnings ratio of 31.74.

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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