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Kate Spade & Company (KATE) [hlAlert]

Rating:
Neutral LIZ

Liz Claiborne, Inc. (LIZ) rated Neutral with price target $6 by Credit Suisse

Posted on: Friday,  Oct 9, 2009  9:25 AM ET by Credit Suisse

Credit Suisse rated Neutral Kate Spade & Company (NYSE: KATE) on 10/09/2009. Previously Credit Suisse rated Buy Kate Spade & Company (NYSE: KATE)
on 06/28/2007., when the stock price was $38.04. Since then, Kate Spade & Company has lost 66.19% as of 08/05/2008's recent price of $12.86.
If you would have followed the previous Credit Suisse's recommendation on KATE, you would have lost 66.19% of your investment in 404 days.

Liz Claiborne, Inc. (LizClaiborne), incorporated in January 1976, designs and markets a global portfolio of retail-based brands, including JUICY COUTURE, KATE SPADE, LUCKY BRAND JEANS and MEXX. It also have a group of department store-based brands with strong consumer franchises, including the LIZ CLAIBORNE and MONET families of brands, MAC & JAC, KENSIE and DANA BUCHMAN and the licensed DKNY JEANS, DKNY ACTIVE and DKNY MENS brands. The three segments of the Company are Domestic-Based Direct Brands segment, International-Based Direct Brands segment and Partnered Brands segment. On January 17, 2008, the Company entered into a license agreement with Kohl?s Corporation (Kohl?s), naming Kohl?s as the exclusive retailer of its DANA BUCHMAN brand. In April 2008, the Company completed the sale of substantially all of the assets and liabilities of the Ellen Tracy brand.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/9/2009 9:25 AM Hold
None
6.85 6.00
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2008 8:25 AM Hold
None
12.86
6/28/2007 11:25 AM Buy
None
38.04 45.00

(*) Stock Price at the time of the recommendation.
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