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Fly News Breaks for May 8, 2015
COH
May 8, 2015 | 06:47 EDT
HSBC upgraded Coach to Buy and increased its price target to $46 from $40. The firm is positive on new management and initiatives including cost restructuring, limited promotions, and an improvement in the perception of the brand. HSBC believes valuation looks compelling given margin expansion that will drive earnings growth in the upcoming years.
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