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Enter Symbol:
Rating: COH
Neutral $30
down 24.00 %

Coach, Inc. (NYSE: COH) downgraded to Neutral with price target $30 by JP Morgan

Monday,  Aug 3, 2015  10:25 AM ET by Betsy O'Brien Harrison

JP Morgan downgraded Coach, Inc. (NYSE: COH) to Neutral with price target $30. Previously JP Morgan downgraded to Coach, Inc. (NYSE: COH) to Overweight with
price target $44 on 03/26/2010, when the stock price was $39.57. Since then, Coach, Inc.'s stock price has lost 24% as of 08/03/2015's recent price of $30.11.
If you would have followed the previous JP Morgan's recommendation on COH, you would have lost 24% of your investment in 1956 days.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.

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