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COH

Coach

$36.54

-0.02 (-0.05%)

, KORS

Michael Kors

$46.44

-0.35 (-0.75%)

08:26
10/04/16
10/04
08:26
10/04/16
08:26

Coach still has upside as share retaken from Michael Kors, says Wells Fargo

Wells Fargo analyst Ike Boruchow believes that after Coach (COH) posted its first positive North American comp last quarter in over three years that it appears many investors have recently "moved on," viewing the turnaround story as played out. However, he thinks here is a long way to go should the brand continue to execute and finds it interesting that while investors were keenly aware of how much market share Michael Kors (KORS) was stealing over the past seven years, now it "doesn't seem like anyone is paying attention" as Coach finally takes back share at Kors' expense. Boruchow reiterate an Outperform rating and $46-$48 price target range on Coach share.

COH

Coach

$36.54

-0.02 (-0.05%)

KORS

Michael Kors

$46.44

-0.35 (-0.75%)

  • 07

    Nov

COH Coach
$36.54

-0.02 (-0.05%)

09/28/16
LYON
09/28/16
INITIATION
LYON
Buy
Coach initiated with a Buy at CLSA
CLSA analyst Rick Patel initiated Coach with a Buy rating and a $45 price target.
09/29/16
09/29/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Owens Corning (OC) initiated with a Market Perform at Wells Fargo. 2. Kate Spade (KATE) was initiated with an Outperform at CLSA, while the firm initiated Coach (COH) with a Buy and Michael Kors (KORS) with a Sell. 3. RetailMeNot (SALE) and Groupon (GRPN) initiated with a Neutral at Boenning & Scattergood. 4. Carnival (CCL) initiated with a Hold at Deutsche Bank. 5. D.R. Horton (DHI) initiated with an Outperform at Wells Fargo. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/30/16
GUGG
09/30/16
INITIATION
Target $50
GUGG
Buy
Coach initiated with a Buy at Guggenheim
Guggenheim analyst Robert Drbul initiated Coach with a Buy and a $50 price target. The analyst is encouraged by continued signs of progress in the brand's transformation, highlighted by positive North American comps in Q4 despite tourist, macro, and promo headwinds for the category and business.
09/30/16
09/30/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Amazon.com (AMZN) initiated with a Buy at Guggenheim. 2. Wal-Mart (WMT) initiated with an Overweight at KeyBanc and a Buy at Guggenheim. 3. Harley-Davidson (HOG) initiated with a Hold at Jefferies. 4. Coach (COH) was initiated with a Buy at Guggenheim while the firm initiated Michael Kors (KORS) with a Neutral. 5. First Solar (FSLR) initiated with a Buy at Williams Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
KORS Michael Kors
$46.44

-0.35 (-0.75%)

09/28/16
LYON
09/28/16
INITIATION
LYON
Sell
Michael Kors initiated with a Sell at CLSA
CLSA analyst Rick Patel initiated Michael Kors with a Sell rating and a $45 price target.
09/30/16
GUGG
09/30/16
INITIATION
GUGG
Neutral
Michael Kors initiated with a Neutral at Guggenheim

TODAY'S FREE FLY STORIES

XLK

Technology Select Sector SPDR

$54.81

-0.96 (-1.72%)

, XLF

Financial Select Sector

$24.79

0.27 (1.10%)

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Technical Analysis
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XLK

Technology Select Sector SPDR

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XLF

Financial Select Sector

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SPY

SPDR S&P 500 ETF Trust

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SPX

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JPM

JPMorgan

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1.7362 (1.93%)

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General news
Treasury announced a $72 B 3- and 6-month bill auction for Monday »

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INFO

IHS Markit

$45.05

-0.32 (-0.71%)

11:25
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The National Economists Club to hold a luncheon meeting Symbol changed to INFO IHS Markit »

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  • 29

    Jun

QVCA

QVC Group

$24.61

0.1 (0.41%)

, QVCB

QVC Group

11:25
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FBN Securities media analyst to hold a luncheon meeting »

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QVCA

QVC Group

$24.61

0.1 (0.41%)

QVCB

QVC Group

LVNTA

Liberty Ventures

$52.69

1.21 (2.35%)

GNCMA

General Communications

$36.81

0.97 (2.71%)

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  • 29

    Jun

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    Jul

ALRN

Aileron Therapeutics

11:23
06/29/17
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11:23
Syndicate
Breaking Syndicate news story on Aileron Therapeutics »

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  • 29

    Jun

SHLD

Sears

$8.01

0.29 (3.76%)

11:22
06/29/17
06/29
11:22
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11:22
Hot Stocks
Breaking Hot Stocks news story on Sears »

Returning to…

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SHLD

Sears

$8.01

0.29 (3.76%)

11:20
06/29/17
06/29
11:20
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11:20
Hot Stocks
Breaking Hot Stocks news story on Sears »

Berkowitz says Fairholme…

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ABBV

AbbVie

$72.91

-0.01 (-0.01%)

11:20
06/29/17
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Abbvie attracts an opening call write »

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SHLD

Sears

$8.01

0.29 (3.76%)

11:17
06/29/17
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Hot Stocks
Real estate value the 'margin of safety' in Sears investment, Berkowitz says »

Bruce Berkowitz,…

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$NSD

NASDAQ Market Internals

11:17
06/29/17
06/29
11:17
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NASDAQ market internals summary »

Volume is above average…

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SHLD

Sears

$8.01

0.29 (3.76%)

11:16
06/29/17
06/29
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Hot Stocks
Berkowitz sees Sears net asset value at $90 per share »

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$NYE

NYSE Market Internals

11:16
06/29/17
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NYSE market internals summary »

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GOOGL

Alphabet Class A

$961.01

12.92 (1.36%)

11:14
06/29/17
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Technical Analysis
Technical View: Alphabet Class A has an active bearish pattern »

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BDRBF

Bombardier

$1.87

0.039 (2.13%)

11:13
06/29/17
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Bombardier says Transportation restructuring costs included in previous guidance »

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11:11
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General news
4-Week Bill Announcement Offering Amount data reported »

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DBD

Diebold

$27.88

0.425 (1.55%)

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CHTR

Charter

$340.30

10.43 (3.16%)

11:10
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Renewed call buying in Charter »

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  • 27

    Jul

JCOM

j2 Global

$87.08

0.83 (0.96%)

, TWTR

Twitter

$17.74

-0.2132 (-1.19%)

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IGN, Twitter partner for global live stream of San Diego Comic-Con »

J2 Global's (JCOM)…

JCOM

j2 Global

$87.08

0.83 (0.96%)

TWTR

Twitter

$17.74

-0.2132 (-1.19%)

03/08/13
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  • 19

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    Sep

CY

Cypress Semiconductor

$14.35

1.15 (8.71%)

, ARW

Arrow Electronics

$79.00

-0.48 (-0.60%)

11:02
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Hot Stocks
Cypress Semiconductor, Arrow Electronics announce IoT development platform »

Cypress Semiconductor…

CY

Cypress Semiconductor

$14.35

1.15 (8.71%)

ARW

Arrow Electronics

$79.00

-0.48 (-0.60%)

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  • 15

    Aug

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    Sep

PCYO

Pure Cycle

$7.50

-0.05 (-0.66%)

, KBH

KB Home

$23.57

-0.49 (-2.04%)

11:00
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Hot Stocks
Pure Cycle to sell lots at Sky Ranch property to KB Home, Taylor Morrison »

Pure Cycle (PCYO)…

PCYO

Pure Cycle

$7.50

-0.05 (-0.66%)

KBH

KB Home

$23.57

-0.49 (-2.04%)

TMHC

Taylor Morrison

$23.91

-0.32 (-1.32%)

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AZN

AstraZeneca

$34.08

-0.27 (-0.79%)

11:00
06/29/17
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AstraZeneca attracts a defensive option play »

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  • 29

    Jun

11:00
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General news
FX Action; USD-CAD »

FX Action; USD-CAD has…

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