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Fly News Breaks for July 18, 2016
COH
Jul 18, 2016 | 05:46 EDT
Baird analyst Mark Altschwager upgraded Coach to Outperform saying his firm's Q3 handbag survey points to stronger purchase intent for the brand, especially in the outlet channel. Further, Coach has made progress on its brand transformation, Altschwager tells investors in a research note. He sees an improved revenue outlook for the handbag maker and upped his price target for the shares to $50 from $45. Coach closed Friday up 12c to $42.30.
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