Michael Kors pullback a buying opportunity, says Deutsche Bank Deutsche Bank recommends using the weakness in shares of Michael Kors as a buying opportunity. Deutsche believes the Kors brand is performing "exceedingly well" and points out promotions are only modestly up year-over-year. The firm views the current valuation as compelling and keeps a Buy rating on Michael Kors with a $95 price target.
Michael Kors fundamentals intact, says Morgan Stanley Morgan Stanley said Michael Kors concerns of increased inventory and promotions impacting gross margins is overdone. The firm believes incremental promotions reflect some normalization and not brand decay and eComm checks suggest inventory is under control. Morgan Stanley views Kors' fundamentals as intact and valuation as compelling. Shares are Overweight rated.