Analysts: Michael Kors Offers the Best Earnings Potential and 3 More Research Notes to Browse
Michael Kors (NYSE:KORS): Morgan Stanley expects Michael Kors’s first-quarter report to drive shares higher and expects earnings per share of 48 cents and 20 percent same-store sales growth indicated by strong sell through, strong wholesale channel sales, beatable margin expectations, and increasing Google searches for products. The firm believes Michael Kors offers the best long-term earnings potential and reiterates its Overweight rating and $74 price target.
Norwegian Cruise Line (NASDAQ:NCLH): Following Norwegian Cruise’s registering for a 20 million share secondary offering, Stifel thinks the secondary could ease investors’ trading liquidity fears over the longer term. The firm remains upbeat on the company’s long-term outlook and keeps a Buy rating on the shares.
Hanesbrands (NYSE:HBI): Brean Capital raised its price target on Hanesbrands to $63 from $60 following the company’s second-quarter results and based on the belief the company remains the dominant player in the inner-wear and intimate market, is an efficient operator, and generates significant free cash flow. The shares are Buy rated.
Spirit Airlines (NASDAQ:SAVE): Raymond James downgraded Spirit Airlines to Market Perform from Outperform due to increased uncertainty around future growth given the likelihood that Indigo purchases Frontier and attempts to become an ultra-low cost carrier.