Brean Murray Carret & Co. Downgrades Coach (COH) to Hold; Valuation Call
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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
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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Brean Murray Carret & Co. downgraded Coach (NYSE: COH) from Buy to Hold.
Brean analyst said, "We are reducing our rating on COH and withdrawing our price target after COH closed within 1% of our former price target of $63 yesterday. While we continue to believe the company’s management is among the strongest in retailing, we are hard pressed to pay almost 15X next FY EPS."
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 $62.60 yesterday.
Brean analyst said, "We are reducing our rating on COH and withdrawing our price target after COH closed within 1% of our former price target of $63 yesterday. While we continue to believe the company’s management is among the strongest in retailing, we are hard pressed to pay almost 15X next FY EPS."
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 $62.60 yesterday.
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