Citi recommends Michael Kors ahead of Q4 results Citigroup says it would own shares of Michael Kors (KORS) ahead of the company's Q4 results on May 29. The firm thinks Michael Kors's comps will be better than feared and keeps a $75 price target on the stock. Citi also reiterates a Buy rating on Coach (COH) following its channel checks.
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Fossil discloses Michael Kors products accounted for 22.4% of FY13 sales Fossil (FOSL) disclosed in a regulatory filing last night that Michael Kors (KORS) product sales, including jewelry, accounted for 22.4% of Fossil's consolidated net sales for fiscal year 2013. Note that Fossil has a licensing agreement with Michael Kors.