Analysis: Runway for growth long at Kate Spade

|About: Kate Spade & Company (KATE)|By:, SA News Editor

Kate Spade (KATE +1.3%) is reiterated by Nomura at a Buy rating.

The investment firm thinks the company can generate double-digit comparable sales growth.

E-commerce could also be a big part of the Kate story.

Nomura's price target of $41 on the premium clothing seller indicates this year's rally in Kate still has legs.