Analysis: Michael Kors juggernaut to roll on

• Piper Jaffray reiterates its bullish view on Michael Kors (KORS) after meeting with management and factoring in channel checks.
• The investment firm thinks MK comp sales growth is tracking above 20% globally and sees the beat-and-raise pattern still in play.
• Piper has a $115 price target on the stock.
• KORS +0.5% premarket to $89.11.