William Blair Downgrades Michael Kors To Market Perform, Shares Fall

Analysts at William Blair downgraded Michael Kors Holdings

from Outperform to Market Perform. Michael Kors shares have surged 26.22% over the past 52 weeks, while the S&P 500 index has jumped 17.39% in the same period. Michael Kors shares dropped 0.62% to $78.95 in pre-market trading.