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Fly News Breaks for August 3, 2015
KORS, COH
Aug 3, 2015 | 07:21 EDT
JPMorgan analyst Matthew Boss downgraded Coach (COH) to Neutral after its handbag survey indicated a lack of customer awareness related to Coach's product changes over the past 12 months. Boss says industry growth is decelerating and cut his price target for Coach shares to $30 from $47. He keeps a Neutral rating on Michael Kors (KORS) and lowered his price target for shares to $49 from $60.
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