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Fly News Breaks for October 3, 2017
Oct 3, 2017 | 09:43 EDT
As previously reported, Wolfe Research analyst Adrienne Yih Tennant downgraded Coach to Peer Perform from Outperform after the firm's checks pointed to a deceleration in average unit retail increases and evidence of deeper promos at full-line retail. The analyst, who lowered her 2018/19 estimates, cut her fair value estimate on Coach shares to $42 from $51.
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