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Coach, Inc. (COH) [hlAlert]

Rating:
Neutral COH

Coach, Inc. (COH) rated Neutral with price target $59 by HSBC Securities

Posted on: Thursday,  Oct 13, 2011  8:25 AM ET by HSBC Securities

Coach, Inc. (NYSE: COH)
rated Neutral with price target $59 by HSBC Securities.

Coach, Inc. (Coach)is a marketer of fine accessories and gifts for women and men. The Company offers lifestyle accessories. Coach?s handbags and accessories use a range of leathers, fabrics and materials. The Company?s product offerings include handbags, women?s and men?s accessories, footwear, jewelry, wearables, business cases, sunwear, travel bags, fragrance and watches. Coach operates in two business segments: Direct-to-Consumer and Indirect. The Direct-to-Consumer segment consists of channels that provide Coach with immediate, controlled access to consumers, including Coach-operated stores in North America, Japan, Hong Kong, Macau and mainland China, the Internet and the Coach catalog. Handbag collections feature designs, as well as fashion designs. Typically, there are 3 to 4 collections per quarter and 4 to 7 styles per collection. During the fiscal year ended June 27, 2009 (fiscal 2009), the Company acquired the Coach China from the ImagineX group.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/4/2012 8:25 AM Buy
None
58.03 79.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/9/2012 8:25 AM Hold
None
77.25 80.00
10/13/2011 8:25 AM Hold
None
60.35 59.00
6/24/2011 8:25 AM Hold
None
59.83 67.00

(*) Stock Price at the time of the recommendation.
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