Zacks Investment Research downgraded shares of MICHAEL KORS (KORS) from OUTPERFORM to NEUTRAL on August 14, 2012, with a target price of $47.30.
Michael Kors is a global accessories, footwear and apparel company. They offer two primary collections: the Michael Kors luxury collection and the MICHAEL Michael Kors accessible luxury collection. They also offer select footwear and outerwear through their KORS Michael Kors accessible luxury collection. They operate their business in three segments-retail, wholesale and licensing-and have a global distribution network focused on company-operated retail stores, leading department stores, specialty stores and select licensing partners.
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