Traders Buying Coach (COH) Shares as HSBC Upgrades to Overweight

April 27, 2012 12:46 PM EDT
Get Alerts COH Hot Sheet
Price: $39.90 --0%

Rating Summary:
    18 Buy, 20 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of Coach (NYSE: COH) are outperforming the broader stock market Friday afternoon following an earlier upgrade from an analyst at HSBC. The stock last traded at $74.69, up 1.9 percent from Thursday's close.

The HSBC analyst now rates Coach shares an Overweight, up from Neutral previously. The firm's price target was raised from $80 to $88, which suggests potential upside of nearly 18 percent from where the stock is currently trading.

For an analyst ratings summary and ratings history on Coach click here. For more ratings news on Coach click here.


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