Kate Spade & Co. (KATE) Tops Q2 EPS by 5c, Guidance Falls Short
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Kate Spade (KATE) PT Cut to $22 at Wedbush Amid Disappointing Q2
August 4, 2016 8:59 AM EDTWedbush analyst Morry Brown cut his price target on Kate Spade (NYSE: KATE) to $22.00 (from $30.00) following disappointing Q2 results and outlook but maintained an Outperorm rating as they look for 2nd-half SSS acceleration.
Brown commented, "2Q results were disappointing, as SSS trends slowed to +4% from... More
