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Fly News Breaks for April 27, 2016
COH
Apr 27, 2016 | 08:58 EDT
UBS said concerns over Coach's same-store sales returning to positive numbers appear to be overblown. The firm said improving category trends are paving the way to positive sales and margin upside. UBS reiterated its Buy rating and raised its price target to $48 from $46 on Coach shares.
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