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Stock Market & Financial Investment News

News Breaks
July 21, 2014
09:05 EDTKORSKors calls speculation of analyst 'heads up' false, unfounded, TheStreet says
TheStreet's Herb Greenberg reported that Michael Kors' outside counsel called suggestions made by Greenberg last week on whether the company may have communicated with analysts regarding its coming quarter "completely false and unfounded," adding that the author would have received "vehement denials and assurances" that Kors "takes Regulation FD compliance very seriously" had he called prior to his publication of the story "Kors Analyst Action -- Coincidence or Not?" For his part, Greenberg states that he did not call because his blog is "steeped in observation, analysis and commentary," but wishes that he did call in retrospect. Prior to Greenberg's previous story, four analysts took negative action on the stock despite no apparent news, leading to his questioning of that coincidence. Reference Link
News For KORS From The Last 14 Days
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April 16, 2015
09:55 EDTKORSMichael Kors view changed to Mixed from Positive at OTR Global (pre-open)
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05:55 EDTKORSCoach 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."

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