Credit Suisse Downgrades Michael Kors To Neutral

Analysts at Credit Suisse downgraded Michael Kors Holdings Limited KORS from Outperform to Neutral. The price target for Michael Kors has been lowered from $103 to $79. Michael Kors shares have declined 7.52% over the past 52 weeks, while the S&P 500 index has gained 9.94% in the same period. Michael Kors' shares slipped 1.10% to $72.20 in pre-market trading.