Does anyone know if any firm or brokerage responded to yesterdays 'rumor' of decelerating growth?
Buckingham recommends buying Michael Kors on weakness following checks that indicate sales momentum has not slowed materially and any weakness is likely temporary. Shares are Buy rated with a $55 price target.
qof, Thanks I would have thought atleast 1 firm would respond as they have a vested interest.
$55 price target seems too low.
we probably bottomed. yesterday's high volume downward spiral could be secondary offering going into the market.