Breaking News Instant updates and real-time market news.

2017-05-15 05:42:53 COH Coach $45.27 -0.46 (-1.01%) , KATE Kate Spade $18.41 -0.01 (-0.05%) 05:42 05/15/17 05/15 05:42 05/15/17 05:42	Coach upgraded to Buy from Hold at Deutsche Bank Deutsche Bank analyst Paul Trussell upgraded Coach (COH) to Buy saying the acquisition of Kate Spade (KATE) provides a buying opportunity. The analyst is confident in management's ability to execute citing the success of Coach's turnaround thus far. Trussell expects the Kate Spade deal to be "highly accretive." He raised his price target for Coach shares to $54 from $40. COH Coach $45.27 -0.46 (-1.01%) KATE Kate Spade $18.41 -0.01 (-0.05%)
COH KATE COH Coach $45.27 -0.46 (-1.01%) 05/10/17 05/10/17 UPGRADE On The Fly: Top five analyst upgrades Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Yelp (YELP) upgraded to Buy from Neutral at Goldman Sachs and to Market Perform from Underperform at Wells Fargo. 2. Coach (COH) upgraded to Buy from Neutral at Goldman Sachs with analyst Lindsay Drucker Mann saying after its acquisition of Kate Spade (KATE), Coach will be a "relative winner in handbags." 3. Lumber Liquidators (LL) upgraded to Outperform from Neutral at Wedbush with analyst Seth Basham saying that the company has stabilized and is poised to return to growth. 4. Occidental Petroleum (OXY) upgraded to Neutral from Underweight at JPMorgan with analyst Phil Gresh citing valuation with the shares. 5. Depomed (DEPO) upgraded to Neutral from Underweight at Piper Jaffray with analyst David Amsellem saying the multiple is now more appropriate following the post-earnings selloff. The analyst lowered his price target for the shares to $10 from $11. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. 05/09/17 GSCO 05/09/17 UPGRADE Target $55 GSCO Buy Coach upgraded to Buy from Neutral at Goldman Sachs Goldman Sachs analyst Lindsay Drucker Mann upgraded Coach (COH) to Buy and raised her price target for the shares to $55 from $40. The maker of luxury accessories closed the trading day up 49c to $45.20. Following its acquisition of Kate Spade (KATE), Coach will be a "relative winner in handbags," Mann tells investors in a research note. Post the deal, the analyst also has greater confidence in management's ability to deploy capital in accretive ways. 05/09/17 UBSW 05/09/17 NO CHANGE Target $49 UBSW Buy Coach has right strategy to turn Kate Spade business, says UBS UBS analyst Michael Binetti expects Coach's (COH) deal to purchase Kate Spade (KATE) to close in Q3, be accretive in 2018 and be double digit accretive by 2019. Binetti believes Coach has the right strategy to turn the Kate Spade business, including its brand scores and pricing issues. He also noted management commentary that they plan to pull back some brand-dilutive distribution, similar to the strategy which turned the Coach brand. Binetti reiterated his Buy rating and $49 price target on Coach shares. 05/09/17 FBCO 05/09/17 NO CHANGE Target $55 FBCO Outperform Coach price target raised to $55 from $46 at Credit Suisse Credit Suisse analyst Christian Buss raised his price target for Coach (COH) to $55 from $46 to reflect the potential for 41c in net accretion over the next two years. The analyst believes Coach's acquisition of Kate Spade (KATE) delivers on what he views as one of its biggest opportunities, namely the potential to take its efficient distribution model and recent return to sales discipline and apply it to acquired brands. He reiterates an Outperform rating on Coach's shares. KATE Kate Spade $18.41 -0.01 (-0.05%) 05/09/17 WELS 05/09/17 DOWNGRADE WELS Market Perform Kate Spade downgraded to Market Perform from Outperform at Wells Fargo Wells Fargo analyst Ike Boruchow downgraded Kate Spade (KATE) to Market Perform citing a balanced risk/reward following the acquisition announcement by Coach (COH). The analyst believes there is possibility of a higher bid but lowered his price target for the shares to $18.50.

2017-05-15 05:42:53

COH

Coach

$45.27: -0.46 (-1.01%)

, KATE

Kate Spade

$18.41: -0.01 (-0.05%)

05:42

05/15/17

05/15

05:42

05/15/17

05:42

Coach upgraded to Buy from Hold at Deutsche Bank

Deutsche Bank analyst Paul Trussell upgraded Coach (COH) to Buy saying the acquisition of Kate Spade (KATE) provides a buying opportunity. The analyst is confident in management's ability to execute citing the success of Coach's turnaround thus far. Trussell expects the Kate Spade deal to be "highly accretive." He raised his price target for Coach shares to $54 from $40.

COH

Coach

$45.27: -0.46 (-1.01%)

KATE

Kate Spade

$18.41: -0.01 (-0.05%)

COH
KATE

COH Coach

$45.27: -0.46 (-1.01%)

05/10/17

05/09/17: GSCO

05/09/17: UBSW

05/09/17: FBCO

KATE Kate Spade

$18.41: -0.01 (-0.05%)

05/09/17: WELS

TODAY'S FREE FLY STORIES

AAPL Apple $153.67 0.06 (0.04%) , NVDA Nvidia $144.87 3.03 (2.14%) … 07:35 05/31/17 05/31 07:35 05/31/17 07:35 Options	Unusual call flow in option market yesterday » Notable call activity was… AAPL Apple $153.67 0.06 (0.04%) NVDA Nvidia $144.87 3.03 (2.14%) BABA Alibaba $123.91 -0.08 (-0.06%) MU Micron $30.70 0.94 (3.16%) M Macy's $23.60 0.16 (0.68%) CSX CSX $54.22 0.26 (0.48%) KORS Michael Kors $36.27 -0.49 (-1.33%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May 01 Jun 01 Jun 05 Jun 05 Jun 06 Jun 06 Jun 06 Jun 07 Jun 08 Jun 09 Jun 09 Jun 15 Jun 29 Jun
07:35 05/31/17 05/31 07:35 05/31/17 07:35 General news	FX Update: The dollar came under pressure » FX Update: The dollar… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial
CUI CUI Global $3.54 -0.11 (-3.01%) 07:35 05/31/17 05/31 07:35 05/31/17 07:35 Initiation	CUI Global initiated » CUI Global initiated with… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May 15 Jun
HLIT Harmonic $5.10 -0.15 (-2.86%) 07:34 05/31/17 05/31 07:34 05/31/17 07:34 Conference/Events	Harmonic management to meet with Drexel Hamilton » Meeting to be held in New… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	01 Jun
ALNY Alnylam $64.09 -1.71 (-2.60%) 07:34 05/31/17 05/31 07:34 05/31/17 07:34 Hot Stocks	FDA grants Breakthrough Therapy Designation for Alnylam's Givosiran » Alnylam Pharmaceuticals… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	06 Jun

DAKT Daktronics $9.28 0.14 (1.53%) 07:33 05/31/17 05/31 07:33 05/31/17 07:33 Earnings	Daktronics reports Q4 EPS 2c, consensus 6c » Reports Q4 revenue… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May
EC Ecopetrol $9.36 -0.23 (-2.40%) 07:33 05/31/17 05/31 07:33 05/31/17 07:33 Downgrade	Ecopetrol rating change » Ecopetrol downgraded to… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
DNKN Dunkin' Brands $58.32 0.15 (0.26%) 07:32 05/31/17 05/31 07:32 05/31/17 07:32 Hot Stocks	Dunkin' Brands names Kate Jaspon as CFO, effective June 5 » Dunkin' Brands Group… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	20 Jun
EXAS Exact Sciences $32.65 -0.67 (-2.01%) , UNH UnitedHealth $176.59 -0.91 (-0.51%) 07:31 05/31/17 05/31 07:31 05/31/17 07:31 Recommendations	Exact Sciences, UnitedHealth analyst commentary » Exact Sciences remains a… EXAS Exact Sciences $32.65 -0.67 (-2.01%) UNH UnitedHealth $176.59 -0.91 (-0.51%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May 31 May 06 Jun
QCOM Qualcomm $57.34 -0.18 (-0.31%) , NXPI NXP Semiconductors $108.14 0.14 (0.13%) 07:31 05/31/17 05/31 07:31 05/31/17 07:31 Hot Stocks	Qualcomm extends cash tender offer for NXP Semiconductors outstanding shares » Qualcomm (QCOM) announced… QCOM Qualcomm $57.34 -0.18 (-0.31%) NXPI NXP Semiconductors $108.14 0.14 (0.13%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	01 Jun 09 Jun

FRO Frontline $5.41 -0.22 (-3.91%) 07:31 05/31/17 05/31 07:31 05/31/17 07:31 Upgrade	Frontline rating change » Frontline upgraded to Buy… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
EGHT 8x8, Inc. $13.60 0.1 (0.74%) 07:30 05/31/17 05/31 07:30 05/31/17 07:30 Conference/Events	8x8, Inc. management to meet with Needham » Meeting to be held in… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May 01 Jun 06 Jun 06 Jun 08 Jun 13 Jun
GNRT Gener8 Maritime $4.91 0.06 (1.24%) , FRO Frontline $5.41 -0.22 (-3.91%) … 07:30 05/31/17 05/31 07:30 05/31/17 07:30 Recommendations	Gener8 Maritime, Frontline, DHT Holdings analyst commentary » Gener8 Maritime advance… GNRT Gener8 Maritime $4.91 0.06 (1.24%) FRO Frontline $5.41 -0.22 (-3.91%) DHT DHT Holdings $4.20 -0.07 (-1.64%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
WLL Whiting Petroleum $7.28 -0.69 (-8.66%) , ORCL Oracle $45.42 0.16 (0.35%) 07:30 05/31/17 05/31 07:30 05/31/17 07:30 Options	Unusual put flow in option market yesterday » Notable put activity was… WLL Whiting Petroleum $7.28 -0.69 (-8.66%) ORCL Oracle $45.42 0.16 (0.35%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
KORS Michael Kors $36.27 -0.49 (-1.33%) 07:25 05/31/17 05/31 07:25 05/31/17 07:25 Technical Analysis	Technical View: Michael Kors drops to new 52-week low after earnings » In the pre-market the… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May

CBS CBS $61.52 -0.05 (-0.08%) , CBS.A $63.50 -0.15 (-0.24%) … 07:24 05/31/17 05/31 07:24 05/31/17 07:24 Periodicals	Scott Pelley to depart anchor role on 'CBS Evening News,' NY Times says » CBS (CBS, CBS.A) news… CBS CBS $61.52 -0.05 (-0.08%) CBS.A $63.50 -0.15 (-0.24%) CMCSA Comcast $41.10 0.19 (0.46%) CMCSK Comcast DIS Disney $108.34 -0.07 (-0.06%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	01 Jun 08 Jun 15 Jun
KORS Michael Kors $36.27 -0.49 (-1.33%) 07:23 05/31/17 05/31 07:23 05/31/17 07:23 Hot Stocks	Breaking Hot Stocks news story on Michael Kors » Michael Kors drops 7% in… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May
UAA Under Armour $19.56 -0.13 (-0.66%) 07:23 05/31/17 05/31 07:23 05/31/17 07:23 Recommendations	Under Armour analyst commentary » Under Armour has reached… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May
07:22 05/31/17 05/31 07:22 05/31/17 07:22 General news	Futures higher ahead of final trading for May » Stock futures are above… Stock futures are above fair value as the final trading session of May is set to begin. World markets closed trading with gains for the month as investors stateside will be looking ahead to Friday's nonfarm payrolls report. Today though they will see the Chicago purchasing manager's report and pending home sales data. The weekly oil numbers, which are normally released on Wednesday, will be delayed until tomorrow due to the Memorial Day holiday. In early trading, Dow futures are 18 points above fair value, Nasdaq futures are 12 points above fair value and S&P futures are 2 points above fair value.
KORS Michael Kors $36.27 -0.49 (-1.33%) 07:22 05/31/17 05/31 07:22 05/31/17 07:22 Hot Stocks	Michael Kors says to close 100-125 full-price retail stores over next two years » Michael Kors announced… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	31 May

MYL Mylan $39.36 -0.36 (-0.91%) 07:19 05/31/17 05/31 07:19 05/31/17 07:19 Recommendations	Mylan analyst commentary » Pension fund campaign a… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial	03 Sep 09 Oct
VIAB Viacom $35.05 -0.08 (-0.23%) , VIA Viacom $38.90 0.5 (1.30%) 07:17 05/31/17 05/31 07:17 05/31/17 07:17 Recommendations	Viacom, Viacom analyst commentary » Viacom price target… VIAB Viacom $35.05 -0.08 (-0.23%) VIA Viacom $38.90 0.5 (1.30%) Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
XXII 22nd Century $1.37 -0.02 (-1.44%) 07:17 05/31/17 05/31 07:17 05/31/17 07:17 Hot Stocks	22nd Century reports 'dramatic surge' in VLN tobacco clinical trials, science » 22nd Century Group… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
ABT Abbott $45.00 0.29 (0.65%) 07:16 05/31/17 05/31 07:16 05/31/17 07:16 Recommendations	Abbott analyst commentary » Abbott making progress, … Story temporarily locked. To read stories as they happen please subscribe, Login above, or return in in 9 minutes Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial
GRMN Garmin $52.11 -0.29 (-0.55%) 07:15 05/31/17 05/31 07:15 05/31/17 07:15 Hot Stocks	Garmin launches Approach S60 golf watch » Garmin International… Story temporarily locked. To read stories as they happen please subscribe, Login above, or return tomorrow Get Free Trial 03/08/13 Wedge Partners 03/08/13 Credit Suisse 03/06/13 Citigroup 03/06/13 Barclays See Street Research during your Free Trial

Events

Earnings calls, analyst events, roadshows and more

Today at 08:00

Fed Bank President Kaplan Takes Part in a Discussion Government Event

New York, NY
JILL
Today at 08:00

J.Jill - JILL Conference Calls
KORS
Today at 08:00

Michael Kors - KORS Conference Calls
BWFG
Today at 08:00

Bankwell Financial Firm Sponsored Meetings

Woodway Country Club--540 Hoyt Street, Darien, CT
CUBE
Today at 08:00

CubeSmart Firm Sponsored Meetings

Co Offices--5 Old Lancaster Road, Malvern, PA
SCOR
Today at 08:30

comScore - SCOR Conference Calls
PRGO
Today at 08:30

Perrigo - PRGO Conference Calls
NVS
Today at 08:30

Novartis Firm Sponsored Meetings
ONCE
Today at 08:30

Spark Therapeutics Firm Sponsored Meetings

Offices of Ballard Spahr LLP--1735 Market Street, Philadelphia, PA
Today at 08:55

Redbook Store Sales Y/Y: Week 5/27 Government Event

View All Events »

1 of

Syndicate

This week’s upcoming IPOs and secondary offerings

Priced
Not Priced

Mon	No deals
Tues	No deals
Wed	No deals
Thurs	No deals
Fri	No deals

Mon	No deals
Tues	ARI X ARI Apollo Commercial Spot Secondary Managers: Citi, JPMorgan, BofA/Merrill & Morgan Stanley $18.25-18.60 1.2M Shares JRVR X JRVR James River Group Spot Secondary Managers: Morgan Stanley $40.00-41.00 4.25M Shares STAY X STAY Extended Stay America Spot Secondary Managers: Morgan Stanley & Citi $17.50-17.60 2.5B Shares
Wed	No deals
Thurs	No deals
Fri	No deals

View All Syndicate Announcements »

Coach upgraded to Buy from Hold at Deutsche Bank

TODAY'S FREE FLY STORIES

Get Full Fly Access