BMO Capital Downgrades Kate Spade To Market Perform

Analysts at BMO Capital downgraded Kate Spade & Company KATE from Outperform to Market Perform. The price target for Kate Spade has been lowered from $48 to $32. Kate Spade shares have dropped 3.45% over the past 52 weeks, while the S&P 500 index has gained 10.22% in the same period. Kate Spade's shares climbed 4.02% to close at $30.76 yesterday.