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UPDATE: Michael Kors Shares Fall as Citi Highlights 'Cautious Reads from Channel Checks'

Benzinga.com
Thursday, 27 December 2012

Shares of Michael Kors (NYSE: KORS) pushed below the all-important $50 level early Thursday afternoon following a mid-day research note from Citi's Oliver Chen. The stock is down more than three percent at last check.

The Citi analyst reduced estimates and his price target on Michael Kors shares from $68 to $60 while maintaining a Buy.
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