Whipsaw again and again and again. Somebody is making money week after week month after month. One day it will become a true leader and the loyal followeres will complain that it took too long and the 4th SPO if not for that we would be at an $100....LOL long and holding to my conviction. I need to come back to the world around christmas time and see where we are at
I actually agree with the assessment of Dave Weiner of Deutsche Bank.
His price target on Michael Kors is $70: “Key drivers: (1) huge global accessories share gains, (2) an impressive NA retail store runway, (3) continued F14 productivity lift via shop-in-shop conversions, and (4) tight promotions. While further insider sales & mgmt. warnings that trends will ‘normalize’ on tough discounting compares are risks, we believe this is already known.”
The price target is a bit low at $70. He is wise enough to put a hold rating on UA and LULU...
When was the last time KORS got a bounce from an upgrade or intiation with a higher price target..
Beginning to look like the Deutsche Bank upgrade is running out of steam just like all the others. It seems like nothing can help this stock until the chinese are out of the stock. I wish they would get it done quickly.
If this 3 + percent jump is based on Deutsche Bank's upgrade then it is the first time since I purchased in February that I have seen this kind of movement based on an upgrade. Still not too impressive given the last two blowout earnings and still down over 10% from high.