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Fly News Breaks for June 9, 2017
COH
Jun 9, 2017 | 08:14 EDT
Baird analyst Mark Altschwager raised his price target on Coach to $54 from $50 and said he remains positive on the shares as the company appears to be one of the few playing offense in a tough retail environment. The analyst sees continued top-line drivers including improved conversion, outlet collaborations, and footwear expansion. Altschwager reiterated his Outperform rating on Coach shares.
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