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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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December 18, 2014
10:01 EDTKORSOn The Fly: Analyst Initiation Summary
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09:35 EDTKATEKate Spade Saturday, West Elm to team on home collection
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December 17, 2014
16:21 EDTKORSMichael Kors initiated with a Perform at Oppenheimer
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December 16, 2014
10:26 EDTKORSMichael Kors management to meet with Jefferies
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10:12 EDTKATEKate Spade initiated with an Outperform at Cowen
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10:11 EDTKORSMichael Kors initiated with a Market Perform at Cowen
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December 15, 2014
11:12 EDTKORSMichael Kors management to meet with Jefferies
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December 9, 2014
10:23 EDTKORS, KATEOn The Fly: Analyst Initiation Summary
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06:53 EDTKATEKate Spade initiated with an Equal Weight at Stephens
Target $33.
06:53 EDTKORSMichael Kors initiated with an Overweight at Stephens
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