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Jefferies Upgrades Coach (COH), Zumiez (ZUMZ) to Buy

October 30, 2009 11:36 AM EDT
COH Hot Sheet
Rating Summary:
    14 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 11 | New: 38
In the apparel group this morning, an analyst from Jefferies upgraded both Coach (NYSE: COH) and Zumiez (Nasdaq: ZUMZ) from Hold to Buy. The analyst raised his price target on Coach from $38 to $40, but maintained his $16 target on shares of Zumiez.

The stocks are outperforming today: Coach is up 1.5% to $33.34, while shares of Zumiez have surged more than 5% to around $13.96.

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