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Fly News Breaks for August 4, 2015
COH
Aug 4, 2015 | 10:45 EDT
As previously reported, Cantor Fitzgerald analyst Laura Champine upgraded Coach to Hold from Sell, as she believes its market share declines and the headwinds it faces are now fairly reflected in its value following the stock's nearly 20% decline year-to-date. Champine, who expects Coach's market share losses to persist and said China no longer seems to be the growth engine it once was for the company, increased the firm's price target on the stock to $33 from $31.
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