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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

NAV

Navistar

$41.68

0.35 (0.85%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:58
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Periodicals
Navistar, Volkswagen Truck to launch electric medium duty truck, Reuters reports »

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NAV

Navistar

$41.68

0.35 (0.85%)

VLKAY

Volkswagen

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0.46 (1.35%)

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ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:55
09/25/17
09/25
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12:55
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Intercept analyst commentary  »

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  • 25

    Sep

YNDX

Yandex

$33.20

0.57 (1.75%)

12:55
09/25/17
09/25
12:55
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12:55
Options
Yandex put volume heavy and directionally bearish »

Bearish flow noted in…

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PLUS

ePlus

$88.60

1.05 (1.20%)

12:55
09/25/17
09/25
12:55
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12:55
Conference/Events
ePlus management to meet with Sidoti »

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  • 26

    Sep

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    Sep

PKY

Parkway

$23.04

0.02 (0.09%)

12:55
09/25/17
09/25
12:55
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12:55
Conference/Events
Parkway to host special shareholder meeting »

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  • 25

    Sep

MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

, UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

12:50
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Periodicals
Sen. Ted Cruz still opposes Graham-Cassidy bill, Axios reports »

Senator Ted Cruz remains…

MOH

Molina Healthcare

$64.59

-0.735 (-1.13%)

UNH

UnitedHealth

$191.32

-1.7138 (-0.89%)

CNC

Centene

$90.60

-1.62 (-1.76%)

WCG

WellCare

$165.67

-1.49 (-0.89%)

CI

Cigna

$181.69

-1.05 (-0.57%)

ANTM

Anthem

$182.89

0.03 (0.02%)

HNT

Health Net

HUM

Humana

$238.48

-0.6125 (-0.26%)

AET

Aetna

$152.55

-1.02 (-0.66%)

03/08/13
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  • 26

    Sep

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  • 24

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  • 08

    Nov

SOL

ReneSola

$2.17

-0.0508 (-2.29%)

12:49
09/25/17
09/25
12:49
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12:49
Hot Stocks
ReneSola agrees to disposition of manufacturing, LED distribution units »

ReneSola announced that…

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ALEX

Alexander & Baldwin

$45.23

0.26 (0.58%)

12:49
09/25/17
09/25
12:49
09/25/17
12:49
Conference/Events
Alexander & Baldwin management to meet with Sidoti »

Meetings to be held in…

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  • 27

    Sep

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    Sep

FB

Facebook

$170.54

-0.57 (-0.33%)

12:47
09/25/17
09/25
12:47
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12:47
Periodicals
China blocks WhatsApp ahead of Communist Party gathering, NY Times reports »

China has mostly blocked…

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  • 03

    Oct

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    Oct

HES

Hess Corp.

$45.45

0.95 (2.13%)

12:45
09/25/17
09/25
12:45
09/25/17
12:45
Options
Hess Corp. call volume above normal and directionally bullish »

Bullish option flow…

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03/06/13
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  • 25

    Sep

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    Sep

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    Sep

C

Citi

$70.60

-0.8 (-1.12%)

12:43
09/25/17
09/25
12:43
09/25/17
12:43
Hot Stocks
Citibank, CGML ordered to pay $550,000 penalty by CFTC »

The U.S. Commodity…

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  • 22

    Oct

  • 26

    Oct

UFPI

Universal Forest

$94.65

2.47 (2.68%)

12:41
09/25/17
09/25
12:41
09/25/17
12:41
Conference/Events
Universal Forest management to meet with Sidoti »

Meeting to be held in…

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  • 26

    Sep

  • 27

    Sep

NAV

Navistar

$42.09

0.755 (1.83%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:40
09/25/17
09/25
12:40
09/25/17
12:40
Periodicals
Breaking Periodicals news story on Navistar, Volkswagen »

Navistar, Volkswagen…

NAV

Navistar

$42.09

0.755 (1.83%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

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  • 02

    Oct

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    Oct

DRI

Darden

$82.45

-0.43 (-0.52%)

, FDS

FactSet

$167.38

-1.23 (-0.73%)

12:40
09/25/17
09/25
12:40
09/25/17
12:40
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

DRI

Darden

$82.45

-0.43 (-0.52%)

FDS

FactSet

$167.38

-1.23 (-0.73%)

03/08/13
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  • 26

    Sep

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    Sep

NAV

Navistar

$42.05

0.72 (1.74%)

, VLKAY

Volkswagen

$34.57

0.46 (1.35%)

12:39
09/25/17
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Hot Stocks
Navistar announces collaboration with Volkswagen Truck & Bus »

Navistar (NAV) announced…

NAV

Navistar

$42.05

0.72 (1.74%)

VLKAY

Volkswagen

$34.57

0.46 (1.35%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 02

    Oct

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    Oct

F

Ford

$11.88

0.035 (0.30%)

12:38
09/25/17
09/25
12:38
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12:38
Periodicals
NFL sponsor Ford issues statement supporting free speech, Bloomberg says »

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  • 25

    Sep

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    Oct

BGG

Briggs & Stratton

$22.70

0.01 (0.04%)

12:35
09/25/17
09/25
12:35
09/25/17
12:35
Conference/Events
Briggs & Stratton management to meet with Sidoti »

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  • 26

    Sep

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    Sep

ICPT

Intercept

$61.59

-12.11 (-16.43%)

12:34
09/25/17
09/25
12:34
09/25/17
12:34
Recommendations
Intercept analyst commentary  »

Jefferies cuts Intercept…

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  • 25

    Sep

DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

, MKGAY

Merck KGaA

12:33
09/25/17
09/25
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Hot Stocks
Lufthansa chairman Mayrhuber resigns, Kley named new chairman »

Prior to today's…

DLAKY

Lufthansa

$27.31

-0.1 (-0.36%)

MKGAY

Merck KGaA

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AAWW

Atlas Air

$67.60

0.15 (0.22%)

12:32
09/25/17
09/25
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12:32
Hot Stocks
Atlas Air, Polar Air Cargo seek preliminary injunction to stop work slowdown »

Atlas Air and Polar Air…

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AIN

Albany International

$55.80

-0.45 (-0.80%)

12:31
09/25/17
09/25
12:31
09/25/17
12:31
Conference/Events
Albany International management to meet with Sidoti »

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  • 27

    Sep

  • 28

    Sep

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

, FB

Facebook

$170.54

-0.57 (-0.33%)

12:30
09/25/17
09/25
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Periodicals
Trump to issue directive to boost government support for STEM, Recode reports »

President Donald Trump…

AMZN

Amazon.com

$955.10

-9.55 (-0.99%)

FB

Facebook

$170.54

-0.57 (-0.33%)

GOOG

Alphabet

$928.53

-3.92 (-0.42%)

GOOGL

Alphabet Class A

$943.26

-4.29 (-0.45%)

GM

General Motors

$40.23

0.805 (2.04%)

03/08/13
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  • 03

    Oct

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    Nov

FB

Facebook

$170.54

-0.57 (-0.33%)

12:30
09/25/17
09/25
12:30
09/25/17
12:30
Options
Facebook options see heavy volume as shares selloff 4% »

Facebook options see…

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  • 03

    Oct

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    Oct

SXI

Standex

$102.70

0.1 (0.10%)

12:27
09/25/17
09/25
12:27
09/25/17
12:27
Conference/Events
Standex management to meet with Sidoti »

Meeting to be held in…

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  • 27

    Sep

12:25
09/25/17
09/25
12:25
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Conference/Events
Federal Reserve Bank of Chicago President to speak on economic conditions »

Chicago Federal Reserve…

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