Kate Spade & Co. was upgraded by Wells Fargo & Co. analyst Ike Boruchow, who sees the handbag maker’s sales and profit margins improving in the second half of the year.
The Kate Spade brand remains healthy, despite investors putting the stock into the “penalty box” following disappointing results, Boruchow said in a report. He raised his recommendation on the shares to outperform, the equivalent of a buy, from market perform. Boruchow also boosted his price target ...
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