Goldman Sachs resumves coverage on Michael Kors (NYSE: KORS) with a Conviction Buy List rating and $75 price target, suggesting 45% upside.The firm calls Michael Kors "easily the most robust brand story in our coverage, exemplifying the power of new media, owned-distribution, and secular growth in fashion accessories."Goldman said the company can sustain a 35%-40% sales CAGR over the next four years as it captures 25% of the addressable North American handbag and accessories market, expands into other categories like jewelry, shoes, and apparel, and expands abroad.And they resumed coverage on COH @ SellJT
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