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Don’t buy Kors for Versace — ‘BUY KORS FOR KORS,’ Jefferies says (KORS)





Michael Kors

  • 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.

In its press release announcing the deal, read more >>>

Source:: BusinessInsider.Com

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