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Stock Market & Financial Investment News

News Breaks
May 14, 2014
10:04 EDTKATEKate Spade plans to open around 80 stores in 2014, slightly below prior plan
In 2014, plans to focus on expansion of international e-commerce business, integrate newly acquired business in Southeast Asia. Says Juicy Couture wind-down remains on track. For 2014, sees FY14 adjusted EBITDA margins up ~100bps from FY13. Sees FY14 CapEx around $140M. Comments from slides that are being presented on the Q1 earnings conference call.
News For KATE From The Last 14 Days
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November 24, 2014
10:37 EDTKATEKate Spade rises after handbag survey prompts Bank of America upgrade
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10:00 EDTKATEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aruba Networks (ARUN) upgraded to Outperform from Market Perform at Raymond James... Banco Bilbao (BBVA) upgraded to Neutral from Underperform at BofA/Merrill... Berry Plastics (BERY) upgraded to Outperform from Market Perform at BMO Capital... Denny's (DENN) upgraded to Buy from Neutral at Janney Capital... Hess Corp. (HES) upgraded to Outperform from Market Perform at Raymond James... Huaneng Power (HNP) upgraded to Buy from Neutral at BofA/Merrill... Infoblox (BLOX) upgraded to Buy from Hold at Needham... Kate Spade (KATE) upgraded at BofA/Merrill... Lumber Liquidators (LL) upgraded to Overweight from Equal Weight at Morgan Stanley... Occidental Petroleum (OXY) upgraded to Strong Buy from Outperform at Raymond James... PT Indosat (IIT) upgraded to Buy from Neutral at Nomura... Silvercorp Metals (SVM) upgraded to Outperform from Market Perform at Raymond James... Toro Company (TTC) upgraded to Buy from Neutral at Longbow... United Microelectronics (UMC) upgraded to Market Perform from Underperform at Bernstein.
09:23 EDTKATEOn The Fly: Pre-market Movers
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07:48 EDTKATEKate Spade upgraded at BofA/Merrill
As previously reported, BofA/Merill upgraded Kate Spade to Buy from Neutral. The analyst has increased confidence in sustainable comp growth following a recent handbag survey and said the current share price does not reflect growth prospects. Price target is $34.
07:30 EDTKATESterne Agee to hold a conference
4th Annual Philadelphia SMID Cap Conference is being held in Philadelphia on November 24.
06:54 EDTKATEKate Spade upgraded to Buy from Neutral at BofA/Merrill

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