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Fly News Breaks for April 19, 2016
COH
Apr 19, 2016 | 07:50 EDT
UBS said Coach's same-store sales acceleration and benign cost inflation helps add to their conviction that the company has the potential for earnings upside. The firm said its proprietary research shows Coach's leading indicators are improving while also seeing other sources of earnings upside via a sale-leaseback of its Manhattan headquarters. UBS reiterated its Buy rating and raised its price target to $46 from $42 on Coach shares.
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