Barclays Reiterates an 'Overweight' on Coach (COH); Recent Dip Presents Buying Opportunity

May 16, 2012 12:34 PM EDT
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Price: $35.31 +0.60%

Rating Summary:
    21 Buy, 24 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Barclays reiterates an 'Overweight' on Coach (NYSE: COH) price target raised from $82 to $90.

Analyst, Robert S. Drbul, said, "With Coach trading nearly 15% off its recent March highs of $79 (vs. a 5% decline in the S&P), we believe the recent pullback provides a buying opportunity given our confidence in the business as well as the stock's attractive valuation."

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 $66.74 yesterday.

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