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Goldman's Lindsay Drucker Mann is excited about shares of Michael Kors (KORS +3.7%) following the red hot retailer's FQ1 beat."Risk reward is compelling as valuation does not reflect the EPS runway," Mann says, adding that "positive conversion and double digit traffic stands out in the context of weak retailer trends in 2Q."The stock remains on the coveted Conviction Buy list and the price target is hiked to $100 (so only 39 times the Street's FY14 EPS consensus) from $90.

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