Pursuits
Kate Spade Rises After Analyst Recommends Buying Shares
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Kate Spade & Co., the handbag maker that’s expanding into other product lines, rose the most in eight months after an analyst at Cleveland Research Co. recommended buying the shares because of the brand’s growth potential.
Consumers are becoming increasingly aware of Kate Spade, which may be in the “early-to-mid” stages of its growth cycle, Matthew Delly, a Cleveland Research analyst, wrote in a note to clients on Thursday.