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Fly News Breaks for February 13, 2017
COH
Feb 13, 2017 | 07:58 EDT
Baird analyst Mark Altschwager fine-tuned his model for Coach to include the magnitude of calendar shifts and non-comp sales and sees a positive risk/reward as a result. The upside is supported by visible sales/margin drivers, a healthy dividend, potential M&A catalysts, and an average valuation. Altschwager reiterated his Outperform rating and $47 price target on Coach shares.
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