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