Analysts Offer Insights on Services Companies: Michael Kors (NYSE: KORS) and Chegg Inc (NYSE: CHGG)

By Jason Carr

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Michael Kors (NYSE: KORS) and Chegg Inc (NYSE: CHGG).

Michael Kors (NYSE: KORS)

Buckingham analyst Scott Krasik maintained a Buy rating on Michael Kors (NYSE: KORS) today and set a price target of $84. The company’s shares closed on Friday at $69.06, close to its 52-week high of $69.95.

According to TipRanks.com, Krasik is ranked #1703 out of 4775 analysts.

Currently, the analyst consensus on Michael Kors is Moderate Buy and the average price target is $76, representing a 10.0% upside.

In a report issued on April 23, Deutsche Bank also upgraded the stock to Buy with a $86 price target.

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Chegg Inc (NYSE: CHGG)

Citigroup analyst Thomas Singlehurst maintained a Hold rating on Chegg Inc (NYSE: CHGG) today and set a price target of $23.50. The company’s shares closed on Friday at $22.60, close to its 52-week high of $23.54.

Currently, the analyst consensus on Chegg Inc is Moderate Buy and the average price target is $23.50, representing a 4.0% upside.

In a report issued on April 27, Raymond James also downgraded the stock to Hold.

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