Wells Fargo launches Michael Kors (KORS) at Outperform

  Wells Fargo initiated coverage on Michael Kors (NYSE: KORS) with an Outperform rating and a target price of $ 64 - $ 68th

Analyst says: "KORS has consistently market expectations exceeded since the IPO in December 2011 and the stock is up over 100% since this time, but the story is not over yet with significant opportunities in Europe and e-commerce, in addition.. to the strong momentum of the brand in the United States (where it is still double square footage), we believe continued positive surprises than stock outperformance. "

For an analyst ratings summary and historical notes on Michael Kors (NYSE: KORS), click here. More News notes Michael Kors click here.

Michael Kors shares closed at $ 57.09 yesterday, with a 52 week range of $ 65.10 $ 35.50 -.