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Stock Market & Financial Investment News

News Breaks
May 2, 2014
10:57 EDTKATE, KORSNomura 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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April 1, 2015
10:01 EDTKORSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AMC Networks (AMCX) downgraded at Evercore ISI... Altera (ALTR) downgraded to Hold from Buy at Argus... American Airlines (AAL) downgraded to Hold from Buy at Deutsche Bank... AxoGen (AXGN) downgraded to Neutral from Buy at Ladenburg... BB&T (BBT) downgraded to Neutral from Overweight at JPMorgan... CA Technologies (CA) downgraded to Equal Weight from Overweight at Barclays... Catamaran (CTRX) downgraded to Market Perform from Outperform at Leerink... Charter (CHTR) downgraded to Hold from Buy at Wunderlich... Delta Air Lines (DAL) downgraded to Hold from Buy at Deutsche Bank... Domtar (UFS) downgraded to Neutral from Buy at DA Davidson... Fifth Street Finance (FSC) downgraded to Neutral from Buy at UBS... Gold Fields (GFI) downgraded to Sell from Hold at Deutsche Bank... Medley Capital (MCC) downgraded to Neutral from Buy at UBS... Michael Kors (KORS) downgraded to Neutral from Overweight at Piper Jaffray... Norcraft (NCFT) downgraded to Equal Weight from Overweight at Stephens... Nucor (NUE) downgraded to Neutral from Buy at Nomura... ON Semiconductor (ONNN) downgraded to Sell from Neutral at Goldman... Pier 1 Imports (PIR) downgraded to Underweight from Equal Weight at Morgan Stanley... Pinnacle Financial (PNFP) downgraded to Hold from Buy at Sandler ONeill... Rolls-Royce (RYCEY) downgraded to Underperform from Market Perform at Bernstein... Sibanye Gold (SBGL) downgraded to Sell from Hold at Deutsche Bank... Steel Dynamics (STLD) downgraded to Neutral from Buy at Nomura... SunTrust (STI) downgraded to Hold from Buy at Sandler O'Neill... Telefonica Brasil (VIV) downgraded to Hold from Buy at HSBC... UTi Worldwide (UTIW) downgraded to Sector Perform from Outperform at RBC Capital... United Continental (UAL) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded at Sterne Agee.
06:46 EDTKORSMichael Kors downgraded to Neutral from Overweight at Piper Jaffray
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March 22, 2015
17:16 EDTKORSMichael Kors looks inexpensive, Barron's says
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