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Fly News Breaks for August 11, 2017
KORS, COH
Aug 11, 2017 | 07:11 EDT
UBS analyst Michael Binetti said Michael Kors (KORS) has started its planned closure of 100-125 stores, which should create a significant tailwind and catalyst for Coach (COH). Coach is now approaching a period of sustained easing of competitive intensity, giving it a multi-year market share recovery opportunity. Binetti reiterated his Buy rating and $55 price target on Coach shares.
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