Big Banks Boost Their Expectations for Kate Spade at Holidays

Big banks are boosting their expectations for Kate Spade -- but the popular retailer has struggled in the years following the global financial crisis. Shares hit their all-time peak before the market crash, and still have not yet fully recovered, despite markets' rebound. However, Bank of America upped its rating on Kate Spade to a 'buy,' and increased its price target, as well. Kate Spade could get a boost where other retailers are ailing, thanks to a diversified brand line, and, the fashion label could score even bigger, thanks to its arrival on Oprah's 'Favorite Things' gift list.