Michael Kors shares should be bought, says Buckingham After Michael Kors reported higher than expected Q4 EPS and introduced FY15 EPS guidance of $3.85-$3.91, Buckingham thinks the results and guidance should alleviate investors' concerns about the company's sales trends. The firm believes that concerns about the company's margins are overblown.
Coach upgraded to Overweight from Equal Weight at Barclays Barclays analyst Joan Payson upgraded Coach to Overweight citing greater confidence in the designer's ability to grow domestic store comps with its turnaround "well underway." She expects Coach's competitive pressures to ease and raised her price target for shares to $50 from $38. The maker of handbags closed yesterday down 28c to $41.76. Payson also lowered her price target for shares of Michael Kors (KORS) to $60 from $70 and keeps an Equal Weight rating on the name. She believes Kors may soon be in need of transformation. The analyst keeps an Equal Weight rating on Tiffany (TIF), calling the company a "work in progress."