Kate Spade & Co. (KATE) Gains Early on Upbeat Comments

Kate Spade & Co. (NYSE: KATE) is seeing notable upside early related to positive comments at Cleveland Research. The firm is calling the company the Holiday winner with Q4 tracking ahead of consensus and positive forward order trends, according to Notable Calls.

Last week, Mizuho said they believe that management’s strategies are taking hold, as the survey indicated a strong sequential conversion gain, rising brand awareness and repurchase intent coupled with controlled discount levels.

Shares of KATE last traded up 2.6% to $16.44.

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