Bank of America Initiates Kate Spade At Neutral

Analysts at Bank of America initiated coverage on Kate Spade & Co KATE with a Neutral rating. The target price for Kate Spade is set to $28. Kate Spade shares have dropped 0.84% over the past 52 weeks, while the S&P 500 index has surged 9.13% in the same period. Kate Spade shares gained 1.39% to $26.22 in pre-market trading.