April 27, 2016

Piper Jaffray Upgraded Michael Kors Holdings Ltd (KORS)


Michael Kors Holdings Ltd (NASDAQ:KORS) was upgraded by equities research analysts at Piper Jaffray to an “overweight” rating in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Other analysts have also issued research reports about the company. William Blair restated a “market perform” rating on shares of Michael Kors Holdings in a report on Tuesday, February 2nd. Robert W. Baird cut their price objective on Michael Kors Holdings from $45.00 to $42.00 in a research report on Tuesday, January 19th. Jefferies Group reaffirmed a “buy” rating on shares of Michael Kors Holdings in a research report on Monday. Wedbush reaffirmed a “neutral” rating and issued a $48.00 price objective on shares of Michael Kors Holdings in a research report on Tuesday, January 5th. Finally, Vetr raised Michael Kors Holdings from a “sell” rating to a “buy” rating and set a $54.31 price objective on the stock in a research report on Monday, February 8th. Twenty-two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.00.

Source: American Banking and Market News