Don’t buy Kors for Versace — ‘BUY KORS FOR KORS,’ Jefferies says (KORS)
|09/25/2018||Posted by BusinessMediaguide.Com under General World News||
- Jefferies reiterated its “buy” rating for Micheal Kors after the acquisition of the Italian designer house Versace.
- “Nice Playbook For Versace, But BUY KORSFOR KORS,” Jefferies analyst Randal Konik said.
- Versace could benefit from Kors’ expertise in accessories and omnichannel development.
- Watch Michael Kors trade in real time here.
After its $2.1 billion deal for the Italian fashion house Versace, Jefferies reiterated its “buy” rating for Michael Kors, with a price target of $93. “Nice Playbook For Versace, But BUY KORS FOR KORS” wrote Randal Konik, an analyst at the firm.