Goldman Sachs Downgrades Michael Kors Holdings To Neutral

Analysts at Goldman Sachs downgraded

from Buy to Neutral. The price target for Michael Kors Holdings has been lowered from $93.00 to $50.00. Michael Kors Holdings shares have dropped 50.23 percent over the past 52 weeks, while the S&P 500 index has surged 10.60 percent in the same period. Michael Kors Holdings' shares fell 0.98 percent to $45.48 in pre-market trading.