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Fly News Breaks for August 16, 2017
COH
Aug 16, 2017 | 08:42 EDT
Baird analyst Mark Altschwager noted Coach reported mixed Q4 results but said the long-term story remains intact. he said he suspects some conservatism in management's guidance but said he is confident of the company's turnaround plan largely based on execution of the Kate Spade integration and a now stabilizing handbag category backdrop. Altschwager reiterated his Outperform rating and lowered his price target to $52 from $54 on Coach shares.
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