Goldman Sachs Slaps a "Sell" on Coach (COH)

December 11, 2012 7:27 AM EST Send to a Friend
Get Alerts COH Hot Sheet
Price: $36.49 +0.16%

Rating Summary:
    7 Buy, 25 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
Trade COH Now!
Join SI Premium – FREE
Goldman Sachs resumes coverage on Coach (NYSE: COH) with a Sell and $58 price target.

The rating reflects "relative underperformance we see for COH versus our broader
group, and we do not see any absolute downside for shares from here."

Goldman said the chief concern for Coach is market share risk as Michael Kors (Nasdaq: KORS) growth story plays out. (Note: Goldman also started coverage on KORS at CL Buy)

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 $56.32 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Goldman Sachs

Add Your Comment