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Fly News Breaks for April 20, 2015
COH
Apr 20, 2015 | 16:26 EDT
Cantor Fitzgerald analysts Laura Champine and Jason Smith started shares of Coach with a Sell rating and $32 price target after the close of trading today. The analysts expect Coach to lose $600M in sales in North America in FY15 among greater competition. They believe the handbag maker's shift away from online factory outlet sales and into higher price points will prove to be "too little, too late to reestablish Coach as a premier fashion brand." The stock closed trading today up 14c to $42.54.
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