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COH

Coach

$47.09

-0.67 (-1.40%)

, KORS

Michael Kors

$45.16

-0.62 (-1.35%)

07:11
08/11/17
08/11
07:11
08/11/17
07:11

Michael Kors store closures a tailwind for Coach, says UBS

UBS analyst Michael Binetti said Michael Kors (KORS) has started its planned closure of 100-125 stores, which should create a significant tailwind and catalyst for Coach (COH). Coach is now approaching a period of sustained easing of competitive intensity, giving it a multi-year market share recovery opportunity. Binetti reiterated his Buy rating and $55 price target on Coach shares.

COH

Coach

$47.09

-0.67 (-1.40%)

KORS

Michael Kors

$45.16

-0.62 (-1.35%)

  • 15

    Aug

COH Coach
$47.09

-0.67 (-1.40%)

06/30/17
06/30/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Rite Aid (RAD) reinstated with an Underperform at Evercore ISI. 2. Hill-Rom (HRC) initiated with a Buy at Needham and Neutral at Cantor. 3. Dermira (DERM) initiated with an Outperform at Evercore ISI. 4. Coach (COH) initiated with a Buy at Canaccord. 5. WWE (WWE) initiated with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/10/17
MKMP
07/10/17
INITIATION
Target $59
MKMP
Buy
Coach initiated with a Buy at MKM Partners
MKM Partners initiated Coach with a Buy and a $59 price target.
07/21/17
OTRG
07/21/17
UPGRADE
OTRG
Positive
Coach upgraded to Positive from Mixed at OTR Global
07/31/17
07/31/17
DOWNGRADE
Target $45

Hold
Coach downgraded to Hold from Buy at Jefferies
Jefferies analyst Randal Konik downgraded Coach (COH) to Hold citing valuation. The company's recovery is playing out, "but everyone knows it," Konik tells investors in a research note. The analyst lowered his price target for Coach shares to $45 from $53 and recommends buying shares of Michael Kors (KORS), where he feels the valuation and expectations are lower.
KORS Michael Kors
$45.16

-0.62 (-1.35%)

06/01/17
UBSW
06/01/17
NO CHANGE
Target $55
UBSW
Buy
Michael Kors store closures positive for Coach, says UBS
UBS analyst Michael Binetti noted Michael Kors (KORS) announced plans to start closing stores and it is assumed they will be skewed to North America. The analyst believes Michael Kors has been the number one competitive pressure for Coach (COH) over the past five years so its decision to close stores now relieves the company of its number one headwind. He now believes Coach is well positioned as a market share gainer. Binetti reiterated his Buy rating and $55 price target on Coach shares.
06/01/17
ADAM
06/01/17
NO CHANGE
Target $33
ADAM
Hold
Michael Kors guidance underscores broader challenges ahead, says Canaccord
Canaccord analyst Camilo Lyon noted Michael Kors beat Q4 estimates but said its weaker guidance underscores the broader challenges ahead for the company. Lyon said the company is finally taking aggressive course-correcting action to enhance the brand's position along with cost-savings. The analyst said the macro challenges in the U.S. and Europe remain and there is significant execution risk at hand. Lyon maintained his Hold rating and lowered his price target to $33 from $38 on Michael Kors shares.
07/10/17
MKMP
07/10/17
INITIATION
Target $26
MKMP
Sell
Michael Kors initiated with a Sell at MKM Partners
MKM Partners initiated Michael Kors with a Sell and a $26 price target.

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$88.53

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M

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AAPL

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GLD

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TSLA

Tesla

$312.50

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, WMT

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