By: Benzinga
UPDATE: Sterne Agee Initiates Michael Kors at Neutral Rating, Challenges Still from Younger Competitors
In a report published Monday, Sterne Agee initiated coverage on Michael Kors Holdings Ltd. (NYSE: KORS ) with a Neutral rating and $63.00 price target. Sterne Agee noted, “While we acknowledge that macro pressures are currently impacting top-line results (at the same time margins are peaking and compares get tough),
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