According to Citigroup, shares of Michael Kors Holdings Inc. are getting too expensive.
The stock fell 3.8 percent after it was downgraded to “neutral” from “buy” Tuesday morning by Citigroup. Citigroup analyst Oliver Chen said shares of Kors, even though he still expects strong comps likely to exceed guidance, have reached a fair valuation “given Kors’ 60 percent stock run in 2013.”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"