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Fly News Breaks for June 9, 2016
COH
Jun 9, 2016 | 07:08 EDT
Jefferies analyst Randal Konik does not view Coach CFO Jane Nielsen's departure negatively. The company's turnaround plans "are already firmly in place" and it has been making "great progress" along its product, store and marketing strategies, Konik tells investors in a research note. He calls last night's news "no big deal" and remains a buyer of the stock at current levels.
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