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Fly News Breaks for April 14, 2016
KATE
Apr 14, 2016 | 08:28 EDT
Citi analyst Kate McShane added Kate Spade to her firm's U.S. Focus List and raised her price target for the shares to $32 from $26. Kate Spade's handbag business continues to be strong, McShane tells investors after speaking with industry contacts. She believes that while investor interest has picked up, the long trade does not appear "crowded." The analyst keeps a Buy rating on Kate Spade.
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