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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