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A number of firms have modified their ratings and price targets on shares of Michael Kors Holdings (NASDAQ: KORS) recently:

  • Michael Kors Holdings was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $98.00 price target on the stock, down previously from $114.00.
  • Michael Kors Holdings is now covered by analysts at Bank of America. They set a “buy” rating and a $120.00 price target on the stock.
  • Michael Kors Holdings had its price target raised by analysts at Topeka Capital Markets from $117.00 to $120.00. They now have a “buy” rating on the stock.
  • Michael Kors Holdings had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $87.00 price target on the stock, down previously from $98.00.
  • Michael Kors Holdings had its “underweight” rating reaffirmed by analysts at Barclays. They now have a $78.00 price target on the stock, down previously from $82.00.
  • Michael Kors Holdings had its “buy” rating reaffirmed by analysts at Nomura. They now have a $103.00 price target on the stock, down previously from $116.00.

Shares of Michael Kors Holdings Ltd (NASDAQ:KORS) traded up 0.16% during mid-day trading on Thursday, hitting $79.84. The stock had a trading volume of 821,044 shares. Michael Kors Holdings Ltd has a 1-year low of $68.83 and a 1-year high of $101.04. The stock’s 50-day moving average is $85.5 and its 200-day moving average is $90.86. The company has a market cap of $16.267 billion and a P/E ratio of 22.65. Michael Kors Holdings also was the recipient of unusually large options trading activity on Monday. Stock investors acquired 20,102 put options on the stock. This is an increase of 115% compared to the average volume of 9,370 put options.

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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