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August 1, 2014
08:28 EDTKORSMichael Kors Q1 margin, comp to overshadow earnings, says Maxim
Maxim believes investors will focus more on gross margin and the U.S. comp than the earnings per share number when Michael Kors reports on Monday. The firm expects investment in retail stores and infrastructure to further compress operating margin for the quarter and the year. Maxim has a Hold rating on Michael Kors with an $85 price target.
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