Barclays Raises PT on Coach (COH) After Meeting With Management
COH Hot Sheet
Rating Summary:14 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays recently hosted a meeting with Coach's (NYSE: COH) management.
Analyst, Robert S. Drbul's three highlights points are: 1) The company continues to believe that the men's business presents a $1-billion opportunity in the next 3-5 years; 2) Coach's new Legacy line, due in August 2012, is likely to further differentiate the brand from its nearest competitors; and 3) Traffic across all channels is up substantially including online which is the company's fastest growing channel, yet down in full price stores.
Barclays maintains an 'Overweight' on Coach (COH) and raised its price
target from $76 to $82.
Shares of COH are currently trading up 0.54% to $72.96.
For an analyst ratings summary and ratings history on Coach click here. For more ratings news on Coach click here.
Shares of Coach closed at $72.57 yesterday, with a 52 week range of $45.70-$72.71.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Analyst, Robert S. Drbul's three highlights points are: 1) The company continues to believe that the men's business presents a $1-billion opportunity in the next 3-5 years; 2) Coach's new Legacy line, due in August 2012, is likely to further differentiate the brand from its nearest competitors; and 3) Traffic across all channels is up substantially including online which is the company's fastest growing channel, yet down in full price stores.
Barclays maintains an 'Overweight' on Coach (COH) and raised its price
target from $76 to $82.
Shares of COH are currently trading up 0.54% to $72.96.
For an analyst ratings summary and ratings history on Coach click here. For more ratings news on Coach click here.
Shares of Coach closed at $72.57 yesterday, with a 52 week range of $45.70-$72.71.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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