Jefferies Sees Japan Overhang Remaining On Coach (COH)
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Price: $39.90 --0%
Rating Summary:
18 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 10 | New: 18
Rating Summary:
18 Buy, 20 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 10 | New: 18
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Jefferies said the overhang on Coach (NYSE: COH) due to the crisis in Japan will not likely go away soon. The firm reiterated their Hold rating and $54 price target on the stock, calling it a "source of funds near-term."
The firm comments, "The Japan quake is significant for COH, being the company's second largest market. While management is great at navigating headwinds, we believe the quake will have a long lasting psychological impact on the Japanese consumer. This in turn will hurt luxury sales and impact COH fundamentals."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $52.02 yesterday.
The firm comments, "The Japan quake is significant for COH, being the company's second largest market. While management is great at navigating headwinds, we believe the quake will have a long lasting psychological impact on the Japanese consumer. This in turn will hurt luxury sales and impact COH fundamentals."
For more ratings news on Coach click here and for the rating history of Coach click here.
Shares of Coach closed at $52.02 yesterday.
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