Until recently, just about everyone knew in Coach (COH) was the problem baby in luxury goods, while Developed Kors (KORS) had "winner" printed in gold lamé across all of it it did.
Not anymore. Today, companies of Michael Kors iPhone 5 case were cut down to Hold from Buy at Maximal Group, while Citigroup lowered its just price target to $98 within $107, Barclays reiterated its Auction off rating and Sterne Agee observed that "margins could be nearing the completed of the runway. " Ouch.
No surprise, then that shares of Developed Kors have plunged 7. 2% to $79. 50 at several: 16 p. m. today, while it's true Coach is off 1 . 3% in the $33. 57 and Ralp Lauren (RL) is off 0. 5% in the $158. 75.
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