Piper Jaffray Raises Price Target on Michael Kors (KORS) Following Improved 3Q

David Einhorn Finds a Winner in Michael Kors (KORS)

Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison (NYSE: SUNE) and short a couple high-flying FANG stocks. However, today Einhorn is again... More

Mizuho Securities Raises Price Target on Michael Kors (KORS) Following 3Q Beat

Mizuho Securities reiterated a Neutral rating on Michael Kors (NYSE: KORS), and raised the price target to $45.00 (from $40.00), following the company's 3Q earnings report. 3Q EPS of $1.59, vs. $1.48 last year, beat the Streets $1.46. The beat was driven by improved conversion and +DD... More

Unusual 11 Mid-Day Movers 2/2: (HNSN) (AVXL) (KORS) Higher; (CBYL) (PXLW) (IDTI) Low

Carbylan Therapeutics (Nasdaq: CBYL) 69.0% LOWER; announced top-line results from COR1.1, its first Phase III trial of Hydros-TA for the treatment of pain associated with osteoarthritis of the knee. In the COR1.1 study, Hydros-TA met the first of its two primary endpoints, demonstrating a statistically significant improvement from baseline in the WOMAC A pain score at week 2 versus Hydros (hyaluronic acid alone).

Pixelworks, Inc. (Nasdaq: PXLW) 34.4% LOWER; announced that effective immediately Bruce Walicek has resigned as President and Chief... More

Standpoint Research Downgrades Michael Kors (KORS) to Hold

Standpoint Research downgraded Michael Kors (NYSE: KORS) from Buy to Hold.

For an analyst ratings summary and ratings history on Michael Kors click here. For more ratings news on Michael Kors click here.

Shares of Michael Kors closed at $40.44 yesterday.

Pre-Open Stock Movers 02/02: (HNSN) (KORS) (GOOGL) (GOOG) Higher; (ZINC) (IDTI) (HEAR) Lower (more...)

Horsehead Holding Corp. (Nasdaq: ZINC) 53.7% LOWER; announced today that it and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

Hansen Medical, Inc. (NASDAQ: HNSN) 22.8% HIGHER; received U.S. Food... More

Michael Kors (KORS) Surges 18% Amid Q3 Beat, Solid Outlook

Michael Kors (NYSE: KORS) is surging 18.5% in pre-open trade Tuesday following better than expected Q3 results and solid guidance.

Michael Kors reported Q3 EPS of $1.59, $0.13 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of... More

Michael Kors (KORS) Tops Q3 EPS by 13c; Issues Light Q4 Outlook

Michael Kors (NYSE: KORS) reported Q3 EPS of $1.59, $0.13 better than the analyst estimate of $1.46. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.

GUIDANCE:

Michael Kors sees Q4 2016 EPS of $0.93-$0.97, versus the consensus of... More

Trading Radar for 2/2: Yahoo! (YHOO). ExxonMobil (XOM), Ferrari (RACE), Chipotle (CMG), UPS (UPS) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Earnings:

ADT Corp. (NYSE: ADT) - consensus EPS $0.46
AGCO Corp. (Nasdaq: AGCO) - consensus EPS $0.79
Affiliated Managers Group (NYSE: AMG) - consensus EPS $3.60
Ally Financial (NYSE: ALLY) - consensus EPS $0.51
Anixter Int'l (NYSE: AXE) - consensus EPS $1.10
Archer Daniels Midland (NYSE:... More

Michael Kors (KORS) Should Outperform in '16 on Stable Fundys, Low Expectations and Trough Valuation - Jefferies

Jefferies analyst, Randal Konik, believes that survey work, weekly mall checks, and in-depth handbag category analysis point to an improving backdrop and solid demand for the Michael Kors (NYSE: KORS) brand during the holiday quarter. EPS expectations have been reset and the stock is trading at a trough multiple setting it up for potential upside in the coming year.

Mall checks point to healthy trends during holiday... While holiday was promotional... More

Piper Jaffray Says Michael Kors (KORS) Could React Positively to Good 3Q - Reiterates Neutral

Piper Jaffray reiterated a Neutral rating and $38.00 price target on Michael Kors (NYSE: KORS). KORS believes shares could react positively, near term, to a "good enough" Q3. Piper still has concerns around Michael Kors' wholesale, it will take some time for the rationalization of... More