Kate Spade Reaches Analyst Target Price
February 17, 2017 at 09:23 AM EST
In recent trading, shares of Kate Spade & Co (KATE) have crossed above the average analyst 12-month target price of $19.90, changing hands for $22.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..