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KATE

Kate Spade

$15.49

-0.255 (-1.62%)

14:30
11/29/16
11/29
14:30
11/29/16
14:30

Large bullish collar opened in Kate Spade

Large bullish collar opened in Kate Spade. PHLX customer pays $1.45 for 15K April 17 calls and sells 12500 April 12 puts for 50c, tied to 900K shares at $15.50. Both option legs open and will capture earnings next March. Shares are near the low end of their YTD range, after topping out above $26 last spring.

KATE Kate Spade
$15.49

-0.255 (-1.62%)

11/22/16
COWN
11/22/16
DOWNGRADE
COWN
Market Perform
Kate Spade downgraded to Market Perform from Outperform at Cowen
11/22/16
COWN
11/22/16
DOWNGRADE
Target $16
COWN
Market Perform
Kate Spade downgraded to Market Perform at Cowen
As reported previously, Cowen analyst Oliver Chen downgraded Kate Spade to Market Perform from Outperform. The analyst continues to believe the company has a healthy distribution footprint but he is cautious on both outlet and tourism pressure, a tepid handbag environment, and the potential for 2017 estimates to be too high. Chen maintained his $16 price target on Kate Spade shares.
11/22/16
11/22/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Kate Spade (KATE) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he continues to believe the company has a healthy distribution footprint but he is cautious on both outlet and tourism pressure, a tepid handbag environment, and the potential for 2017 estimates to be too high. 2. Headwaters (HW) downgraded to Hold from Buy at SunTrust and to Neutral from Buy at DA Davidson. 3. Duke Energy (DUK), Entergy (ETR), AES Corp. (AES), and Portland General Electric (POR) were downgraded to Underperform from Neutral at BofA Merrill Lynch, while the firm downgraded NRG Energy (NRG) and PPL Corp. (PPL) to Neutral from Buy. 4. Canadian Solar (CSIQ) downgraded to Market Perform from Outperform at FBR Capital and to Neutral from Buy at Roth Capital. 5. C.H. Robinson (CHRW) downgraded to Hold from Buy at Stifel with analyst John Larkin citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/23/16
WOLF
11/23/16
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WOLF
Peer Perform
Kate Spade downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded Kate Spade to Peer Perform to reflect a shifting trends towards "edgier" influences, margin pressure from promotional environment and price competition, slower than expected new product uptake, expected inventory growth, and valuation.

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SNCR

Synchronoss

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MDGN

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HSBC

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TGTX

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SNCR

Synchronoss

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SNCR

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TEVA

Teva

$37.04

0.51 (1.40%)

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NVCN

Neovasc

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GDS

GDS Holdings

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KKR

KKR

$15.67

0.19 (1.23%)

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AZO

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ROP

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CBB

Cincinnati Bell

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LSCC

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RES

RPC, Inc.

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PTEN

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