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Fly News Breaks for September 11, 2015
KORS, COH
Sep 11, 2015 | 07:37 EDT
After meeting with Coach's (COH) CEO, Oppenheimer predicts that the company's comps will reach a positive turning point in Q2 before turning positive in fiscal 4Q16. The firm expects the company's comps to be driven higher by improving conversion, and a slow down of Michael Kors' (KORS) expansion into new retailers. Oppenheimer keeps a $50 price target and Outperform rating on Coach.
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