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Fly News Breaks for July 27, 2016
COH
Jul 27, 2016 | 07:36 EDT
Credit Suisse analyst Christian Buss upgraded Coach to Outperform and raised its price target to $47 from $42. The analyst said stabilization in the core business combined with a potential acquisitions will drive long-term earnings power, but also help Coach develop into an American luxury brand. Buss believes Coach is the best positioned company in the "Affordable Luxury" segment and views risk/reward as favorable
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