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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:53 EDTLUX, KORSMichael 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.
News For KORS;LUX From The Last 14 Days
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March 22, 2015
17:16 EDTKORSMichael Kors looks inexpensive, Barron's says
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March 18, 2015
10:06 EDTKORSMichael Kors recent headwinds provide a buying opportunity, says BofA/Merrill
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March 13, 2015
14:25 EDTKORSMichael Kors volatility at low end of historic range
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