Michael Kors Posting Notable Gain On Upgrade By Citi

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(RTTNews.com) - Shares of Michael Kors Holdings Limited ( KORS ) are firmly in positive territory in late-day trading on Wednesday after seeing some early volatility. After ending the previous session at its lowest closing level in nearly two months, Michael Kors is currently up by 3 percent.

The rebound come by Michael Kors comes after Citi upgraded its rating on the luxury retailer to Buy from Neutral. Citi attributed the upgrade to potential upside from Michael Kors' recent acquisition of Italian fashion house Versace.

Read the original article on RTTNews (http://www.rttnews.com/2940624/michael-kors-posting-notable-gain-on-upgrade-by-citi.aspx)

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This article appears in: Stocks , 401k , Retirement
Referenced Symbols: KORS

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