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Stock Market & Financial Investment News

News Breaks
June 4, 2013
08:47 EDTFOSL, KORSFossil poised to benefit from strong Michael Kors watch sales, says Cowen
Following Michael Kors' conference call, Cowen estimates that sales of the company's watches will generate over $550M of revenue for Fossil (FOSL) in 2013, up from $400M-$450M last year. The firm believes that overall demand for watches remains strong, and it does not expect a computerized watch from Apple to interest most Fossil customers. The firm keeps an Outperform rating on the stock.
News For FOSL;KORS From The Last 14 Days
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July 17, 2014
11:48 EDTKORSStocks with call strike movement; ADSK KORS
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11:23 EDTKORSOptions with increasing implied volatility
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07:57 EDTKORSMichael Kors promo concerns creates buying opportunity, says Canaccord
Canaccord said promotional activity concerns at Michael Kors have created a buying opportunity. The firm said markdowns were no bigger than last year, suggesting a standard seasonal markdown in anticipation of fall deliveries. Canaccord believes long term growth opportunities remain robust at Kors and keeps a Buy rating and $123 price target on the shares.
07:45 EDTKORSMichael Kors discounting well below industry averages, says Credit Suisse
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July 16, 2014
10:44 EDTKORSOptions with increasing implied volatility: KORS TWX RVBD
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10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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06:51 EDTKORSMichael Kors downgraded to Market Perform from Outperform at William Blair
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July 15, 2014
12:31 EDTKORSMichael Kors sinks after analysts issue bearish notes
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11:34 EDTKORSMichael Kors downgraded to Hold, price target cut to $85 at Maxim
As previously reported, Maxim downgraded Michael Kors to Hold from Buy and lowered its price target on the shares to $85 from $109 after the firm's checks showed domestic sales have weakened more than expected, which in turn led to increased markdowns.
11:21 EDTKORSMichael Kors August volatility increases as shares trend lower into Q1
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11:17 EDTKORSStocks with call strike movement; KORS MYL
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11:17 EDTKORSMichael Kors downgraded to Hold from Buy at Maxim
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10:48 EDTKORSOptions with increasing implied volatility: GLUU KORS RVBD HSH
07:03 EDTKORSMichael Kors reiterated as an Underweight at Barclays
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06:44 EDTKORSMichael Kors sentiment 'increasingly more bearish,' says Piper Jaffray
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06:02 EDTKORSMichael Kors price target lowered to $98 from $107 at Citigroup
Citigroup lowered its price target for Michael Kors (KORS) to $98 after its national handbag survey indicated a "lack of newness" and that the company failed to meet plan in 17% of responses versus 1% previously. Citi says Kors continues to be number one in handbags and it keeps a Neutral rating on the stock. Its survey indicated results at Coach (COH) are fairly consistent overall, with an improvement in stores exceeding plan. Citi has a Neutral rating on Coach.
July 10, 2014
09:13 EDTKORSMichael Kors volatility at low end of historic range on tight price movement
Michael Kors overall option implied volatility of 32 is below its 26-week average of 34 according to Track Data, suggesting decreasing price movement.
July 9, 2014
07:01 EDTKORSMichael Kors names Mark Brashear as president of Men's, effective July 7
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July 8, 2014
06:53 EDTKORSMichael Kors re-launch of eyewear a multi-year catalyst, says Piper Jaffray
Piper Jaffray believes the recently signed 10-year license agreement between Michael Kors (KORS) and Luxottica (LUX) represents a multi-year opportunity for both companies. After meeting with Luxottica, Piper believes the company's goal of $100M in wholesale sales in three years could prove conservative given the growing appeal for the Michael Kors brand. The firm views eyewear as another comp drive for Michael Kors and a multi-year catalyst for the company. It keeps an Overweight rating on the stock with a $115 price target.
05:48 EDTKORSStocks with implied volatility movement; NNG KORS
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