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Stock Market & Financial Investment News

News Breaks
June 4, 2014
11:52 EDTKORS, COHCoach retreats after analyst cuts rating to Neutral
Shares of luxury products retailer Coach (COH) are falling after research firm Sterne Agee lowered its rating on the stock to Neutral from Buy in a note to investors earlier today. WHAT'S NEW: Coach's North American business has been deteriorating and the company's fortunes don't appear set to rebound in the near-term, Sterne Agee analyst Ike Boruchow wrote. Meanwhile, the company's balance sheet and cash flow dynamics are weakening, while its earnings and multiple could drop, the analyst warned. Boruchow cut his price target on the shares to $41 from $51. WHAT'S NOTABLE: Another luxury products retailer, Michael Kors (KORS), reported stronger than expected fourth quarter results on May 28, but warned that it expects its gross margin to drop slightly this quarter versus the same period a year earlier. The stock fell significantly but has since made up some of its losses. PRICE ACTION: In late morning trading, Coach fell 2.4% to $39.07 and Michael Kors was up 0.3% at $94.33.
News For COH;KORS From The Last 14 Days
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December 18, 2014
10:01 EDTKORS, COHOn The Fly: Analyst Initiation Summary
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December 17, 2014
16:23 EDTCOHCoach initiated with a Perform at Oppenheimer
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16:21 EDTKORSMichael Kors initiated with a Perform at Oppenheimer
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December 16, 2014
12:51 EDTCOHCoach initiated with a Market Perform at Cowen
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10:26 EDTKORSMichael Kors management to meet with Jefferies
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10:11 EDTKORSMichael Kors initiated with a Market Perform at Cowen
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December 15, 2014
11:12 EDTKORSMichael Kors management to meet with Jefferies
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December 12, 2014
14:25 EDTCOHCoach moves higher, levels to watch
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05:54 EDTCOHStocks with implied volatility movement; COH CX
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December 11, 2014
14:27 EDTCOHLVMH not likely interested in Coach, says Evercore ISI
Evercore ISI said LVMH (LVMUY) is not likely interested in acquiring Coach (COH). The firm said LVMH has put a lot of marketing and investment behind the Marc Jacobs label and is unlikely to acquire another aspirational brand at this point.
10:33 EDTCOHCoach calls active after website says LVMH showing interest
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10:13 EDTCOHCoach spikes after website says LVMH showing interest
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09:53 EDTCOHLVMH has shown interest in Coach, Prime Retailer reports
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09:49 EDTCOHLVMH has shown interest in Coach, PrimeRetailer says
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December 9, 2014
10:23 EDTCOH, KORSOn The Fly: Analyst Initiation Summary
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07:05 EDTCOHCoach initiated with an Equal Weight at Stephens
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06:53 EDTKORSMichael Kors initiated with an Overweight at Stephens
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