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Fly News Breaks for August 10, 2016
COH
Aug 10, 2016 | 07:43 EDT
As previously reported, BofA/Merrill upgraded Coach to Neutral from Underperform and raised tis price target to $44 from $34. Analyst Lorraine Hutchinson said management guided margins to 18.5-19%, in line with her 18.5% estimate, reflecting a strategic reduction in the wholesale business, thinks more realistic EBIT targets indicates management has de-risked its outlook, and expects consensus estimates to move towards hers.
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