Seeking Alpha

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.
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