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Fly News Breaks for August 16, 2017
KATE, COH
Aug 16, 2017 | 07:36 EDT
Credit Suisse analyst Christian Buss lowered his price target for Coach (COH) to $51 from $55 as he now believes accretion from the Kate Spade (KATE) acquisition will take a little longer to realize than he initially anticipated. The analyst reiterates an Outperform rating on Coach's shares and views the recent pullback as a buying opportunity.
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