Kate Spade business healthy and solid, says BMO Capital BMO Capital says its sources suggest that Kate Spade's semiannual sale was strong, while the company can cut back on its promotions further. The firm thinks the company's products are generating strong demand in department stores, and it expects the company's June quarter EPS to come in slightly above expectations. It keeps an Outperform rating on the shares.
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Kate 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.