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Fly News Breaks for March 14, 2016
KORS, COH
Mar 14, 2016 | 07:37 EDT
RBC Capital believes that recent comp sales trends in the handbag category have reached a positive turning point. The firm is now more confident in the sector and raised its price target on Coach (COH) to $42 from $38 and on Michael Kors (KORS) to $57 from $52. It keeps an Outperform rating on Coach and a Sector Perform rating on Michael Kors.
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