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Upgrade Alert for Coach (COH)

By Amy Schwartz

Coach (NYSE:COH) was upgraded from Neutral to Outperform at Credit Suisse today. The stock closed yesterday at $43.10 on volume of 4.1 million shares, above average daily volume of 3.8 million.

Coach share prices have moved between a 52-week high of $43.62 and a 52-week low of $27.22 and closed yesterday at 58% above that low price at $43.10 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Coach (NYSE:COH) is currently priced 14.2% above its average consensus analyst price target of $36.99. Coach shares have support at the 50-day moving average (MA) of $39.63 and additional support at the 200-day MA of $33.59.

Coach, Inc. designs, produces, and markets primarily leather goods. The Company's products include handbags, business cases, men's and women's accessories, luggage and travel accessories, leather outerwear, and gloves. Coach, together with a licensing partner, offers watches, footwear, furniture, and eyewear.

SmarTrend recommended that subscribers consider buying shares of Coach on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.58. Since that recommendation, shares of Coach have risen 6.3%. We continue to monitor COH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades coach

Ticker(s): COH