Analysts Downgrade Michael Kors Due to Slowing Sales Growth

Michael Kors S/S 2014 campaign | Source: Michael Kors

NEW YORK, United States — Michael Kors has been riding high with investors, but the retailer's stock is falling this week as some analysts take a look at slowing sales growth and deeper discounts. Two analysts cut their price targets on the stock.

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Market Pulse | A Boost in Confidence

Savigny Luxury Index February 2014 | Source: Savigny Partners

The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.

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