Deutsche Bank Releases a Bull VS. Bear Comparison on Michael Kors

Loading...
Loading...
In a report released Thursday, Deutsche Bank analyst Dave Weiner initiates coverage on Michael Kors Holdings Ltd
KORS
conducting a bull versus bear comparison. Deutsche Bank holds a Buy rating on Michael Kors, with a price target of $110 a share. The Deutsche Bank note lists six different comparisons giving a pro and a con for each point made. The first point argues strong product positioning compared to the argument of Kors products being just a fad. Second point states strong same store sales continuing in comparison to NA comps being reduced while stressing its importance. Next comparison is made on Kors good positioning on its long term gross margins versus near term gross margins slightly reducing. Fourth Kors successful penetration into global accessories market and stating its expansion overseas will increase its investment. Segment expansion in gender and category, leading to increase in competition. The last comparison is made on Kors stock not being over priced or expensive, compared to its valuation of 21x for full year 2015 and projection value for 2016 for full year 2016.
Posted In: Analyst ColorAnalyst Ratings
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...