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Kate Spade, Twenty-First Century Fox Get Strong Coverage Start

Good news for fashion and media companies in today's Analysts' Actions. Barclays is initiating coverage of Twenty-First Century Fox (FOXA) with an "Overweight" rating and $43 Price target. The firm says it's starting the media company out with this rating based on its new network success and the fact that its primary source of growth comes from subscribers. Kate Spade is now being covered at BMO Capital Markets with an "Outperform" rating. (KATE) is the ticker. BMO Capital says the clothing and accessories designer can deliver industry-leading growth. The firm is setting a $48 price target for the stock. And Broadcom (BRCM) is upgraded at Oppenheimer to Outperform from Perform. The price target is set at $45 per share. TheStreet's Susannah Lee has the details from Wall Street.