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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:57 EDTKORS, KATENomura upbeat on Michael Kors, Kate Spade
Accessory designers Michael Kors (KORS) and Kate Spade (KATE) were both initiated with Buy ratings in notes to investors earlier today by Japanese bank Nomura. WHAT'S NEW: Michael Kors should continue to gain market share, with comparable sale gains in double digit percentage levels, Nomura analyst Simeon Siegel wrote in his initiation note. The company should also be boosted by the continuing expansion of its licensing business, and it is poised to continue to generate best in class revenue growth, added Siegel. The analyst set a $116 price target on the stock. Similarly, Siegel expects Kate Spade to generate share gains and double digit comparative sale growth. Also likely to boost the company are increased global luxury spending, international expansion, and further e-commerce traction, contended the analyst ,who set a $41 price target on the shares. WHAT'S NOTABLE: Yesterday research firm Piper Jaffray wrote that Michael Kors appears to be gaining market share in the North American handbag market. On April 23, Citigroup stated that Kate Spade's stock can advance more than that of Michael Kors in 2014. PRICE ACTION: In mid-morning trading, Michael Kors gained 1.3% to $93.61, while Kate Spade's stock was little changed near $35 per share.
News For KORS;KATE From The Last 14 Days
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July 6, 2015
06:44 EDTKORSMichael Kors estimates, target lowered after Europe checks at Piper Jaffray
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July 1, 2015
08:30 EDTKATEKate Spade valuation attractive, says BofA/Merrill
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June 30, 2015
09:13 EDTKATE, KORSCowen lowers handbag estimates, calls Kate Spade favorite name in space
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June 23, 2015
05:59 EDTKORSStocks with implied volatility below IV index mean; DE KORS
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