UPDATE: Coach (COH) PT Lowered to $39 at Deutsche Bank; 'Risk of Comp Deceleration'

(Updated - April 26, 2017 11:19 AM EDT)

Deutsche Bank lowered its price target on Coach (NYSE: COH) to $39.00 (from $43.00) while maintaining a Hold rating, following a company update.

Analyst Paul Trussell notes management's hard work over the last three years to turn around the brand in North America, while a challenging retail environment, has the company facing decelerating third quarter comps, as revenue and margin outlook sit below consensus.

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