Morgan Stanley Adds Michael Kors To "Best Ideas" List

On Friday, Morgan Stanley analysts reiterated the Overweight rating and $105 price target on Michael Kors Holdings Ltd. KORS.

Analysts at the firm added Michael Kors Holdings to Morgan Stanley’s “Best Ideas” list.

Kors is scheduled to announce second quarter 2015 earnings on November 4.

Kimberly Greenberger stated, “We expect KORS to deliver another positive EPS surprise.”

Furthermore, Greenberger is bullish on Kors for the following reasons:

• Sales and earnings growth lead the retail sector.
• The company continues to capitalize on the design credibility and unique advantage created by founder Michael Kors’ fame.
• We see multiple growth avenues from category and geographic expansion.

Shares of Kors recently traded at $78.89 up 1.2 percent.