Bank of America Upgrades Kate Spade To Buy

Analysts at Bank of America upgraded Kate Spade & Co KATE from Neutral to Buy. The price target for Kate Spade has been raised from $33 to $34. Kate Spade shares have dropped 8.09% over the past 52 weeks, while the S&P 500 index has gained 14.48% in the same period. Kate Spade's shares rose 2.61% to close at $30.22 on Friday.