Kate Spade (KATE) 'Extremely Undervalued' Says Sterne Agee

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BofA/Merrill Lynch Starts Kate Spade (KATE) at Neutral

October 21, 2014 6:40 AM EDT

BofA/Merrill Lynch initiates coverage on Kate Spade (NYSE: KATE) with a Neutral rating and a price target of $28.00.

Analyst Heather Balsky said while KATE offers outsized long-term earnings growth driven by market share gains and margin expansion, upside is limited by the... More