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Fly News Breaks for July 1, 2015
KATE
Jul 1, 2015 | 08:30 EDT
BofA/Merrill believes Kate Spade shares are attractive at current levels. The firm has confident demand is strong for Kate given Q1 North American handbag comp growth of 9% and believes it will continue to take share and rive outsized relative comps. BofA/Merrill rates Kate Spade a Buy with a $38 price target.
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