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Fly News Breaks for December 15, 2015
COH
Dec 15, 2015 | 06:06 EDT
Cowen analyst Oliver Chen upgraded Coach to Outperform and raised its price target to $38 from $35 on shares. Chen has increased confidence Coach can achieve total positive comps by Q4. The analyst said Coach's new product is resonating with customers given more attractive features and new designs, the company has addressed product gaps for the holiday, Stuart's product now represents nearly 100% of assortment across both genders and channels, marketing has improved, and the bigger Modern Luxury stores should aid comp improvement.
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