Analysts Offer Insights on Services Companies: Michael Kors (NYSE: KORS) and Dun & Bradstreet Corp (NYSE: DNB)

By Austin Angelo

Analysts have been eager to weigh in on the Services sector with new ratings on Michael Kors (NYSE:KORS) and Dun & Bradstreet Corp (NYSE:DNB).

Michael Kors (KORS)

Needham analyst Rick Patel reiterated a Buy rating on Michael Kors yesterday and set a price target of $79. The company’s shares closed yesterday at $72.34, close to its 52-week high of $73.18.

Patel has an average return of 14.7% when recommending Michael Kors.

According to TipRanks.com, Patel is ranked #1577 out of 4850 analysts.

Currently, the analyst consensus on Michael Kors is a Moderate Buy with an average price target of $78, which is a 7.8% upside from current levels. In a report issued on August 8, Canaccord Genuity also maintained a Buy rating on the stock with a $90 price target.

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Dun & Bradstreet Corp (DNB)

Piper Jaffray analyst Peter Appert reiterated a Hold rating on Dun & Bradstreet Corp today and set a price target of $145. The company’s shares closed yesterday at $142.21, close to its 52-week high of $144.

According to TipRanks.com, Appert is a 5-star analyst with an average return of 22.3% and a 80.4% success rate. Appert covers the Services sector, focusing on stocks such as Universal Technical Institute Inc, Adtalem Global Education Inc, and American Public Education.

The word on The Street in general, suggests a Hold analyst consensus rating for Dun & Bradstreet Corp with a $145 average price target, a 2.0% upside from current levels. In a report released today, Barclays also downgraded the stock to Hold with a $145 price target.

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