Michael Kors (KORS) Rating Increased
Trading of Michael Kors (KORS)’s shares is going to be interesting today, as Wolfe Research upgraded the stock from a “Peer Perform” to a “Outperform”. Along the rating upgrade, Wolfe Research analysts gave a PT of $73.0 or 49.56 % more.
In spite of the stock upgrade KORS is currently trading 0.00% lower at $0.00 as of 8:14 AM New York time. Michael Kors’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 6.00% in the same time period.
According to data compiled by Thomson Reuters, Michael Kors (KORS)’s stock is covered by 24 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 21 consider it a Hold. The 12-month consensus target price for the stock is $56.5, which reflects an upside potential of ∞% over the current price.
Arga Investment Management Lp had the most significant stake with ownership of 901,300 shares as of q2 2015 for 11.55% of the US equity exposure. Flossbach Von Storch Ag is another very bullish active investment manager who is possessing 9.29 million shares of Michael Kors or 7.25% of their US equity exposure. Furthermore, Wilsey Asset Management Inc have 5.39% of their US equity exposure invested in the company for 149,865 shares. The New York-based fund Greenlight Capital Inc disclosed it had acquired so far a stake worth about 2.74% of the active investment manager’s stock portfolio in Michael Kors. The Illinois-based fund Forester Capital Management Ltd is also positive about the stock, possessing 3.07 million shares or 2.17% of their US equity exposure.
Michael Kors (KORS) closed at $0 yesterday. A total of shares of the company’s stock traded hands. This is down from average of shares. Michael Kors has a 52 week low of $0.00 and a 52 week high of $0. The company has a market cap of $ and a P/E ratio of 0.
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The post Professional Analysts at Wolfe Research Upgraded Michael Kors (KORS) Rating from “Peer Perform” to “Outperform”. The Stock Has 49.56 % Upside Potential and $73.0 TP appeared first on Octafinance.