Goldman Sachs initiates coverage on Michael Kors (KORS) with a Conviction Buy List rating and...

|About: Michael Kors Holdings (KORS)|By:, SA News Editor

Goldman Sachs initiates coverage on Michael Kors (KORS) with a Conviction Buy List rating and lush $75 price target. The investment firm calls the retailer the "most robust" brand story in its coverage universe and sees it branching out into new categories.