Michael Kors tapped for gains by Nomura


Nomura initiates coverage on Michael Kors (KORS) with a Buy rating.

The investment firm sets a $116 price target on shares.

KORS +0.3% premarket

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Comments (3)
  • rickraff
    , contributor
    Comments (319) | Send Message
     
    KORS will trade over $116 after their EPS report in a few weeks. A blowout number is looming...
    2 May 2014, 09:49 AM Reply Like
  • 11146471
    , contributor
    Comments (1373) | Send Message
     
    Hopefully!

     

    They should report great numbers, if you consider their market momentum, and the latest numbers regarding consumer spending, unemployment and retail sales!

     

    They reported great numbers back in Christmas when the whole clothing retail market had huge problems with markdowns and lower consumption levels.

     

    Actually KORS was the only fashion retailer that had beaten the estimations in both revs and earnings and without getting in the trip of discounts.
    2 May 2014, 01:58 PM Reply Like
  • david s armour77
    , contributor
    Comments (96) | Send Message
     
    All retail has been down with the weather, it will have some negative effect.
    4 May 2014, 12:42 PM Reply Like
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