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Fly News Breaks for May 7, 2015
KATE
May 7, 2015 | 15:37 EDT
Cowen said is likes Kate Spade's decision to pullback on promos and focus on higher quality sales but believes it could lead to comp moderation in Q2. The firm views Kate Spade as a credible global lifestyle brand and recommends buying shares on weakness. The firm rates Kate Spade an Outperform with a $37 price target.
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