UBS says a Coach LBO is unlikely UBS ran an LBO analysis on Coach and said a private equity deal is unlikely. The firm said sponsors would need a massive 6.8B in equity in order to offer a meager 20% premium to the current price. The firm said strategic buyers such as LVMH are unlikely interested in a lower brand and Burberry does not represent a good fit.
News For COH From The Last 14 Days
Check below for free stories on COH the last two weeks.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: African Barrick Gold (ABGLY) upgraded to Neutral from Sell at Goldman... ArcelorMittal (MT) upgraded to Overweight from Underweight at Barclays... CRH Plc. (CRH) upgraded to Outperform from Underperform at Raymond James... Callon Petroleum (CPE) upgraded to Buy from Neutral at SunTrust... Coach (COH) upgraded to Overweight from Neutral at Atlantic Equities... Hartford Financial (HIG) upgraded to Outperform from Market Perform at FBR Capital... Huntsman (HUN) upgraded to Buy from Neutral at Citigroup... Imperva (IMPV) upgraded to Outperform from Perform at Oppenheimer... L Brands (LB) upgraded at Credit Suisse... Marcus (MCS) upgraded to Buy from Neutral at B. Riley... Noodles & Company (NDLS) upgraded to Buy from Neutral at UBS... Sunoco Logistics (SXL) upgraded to Overweight from Equal Weight at Barclays... Triangle Petroleum (TPLM) upgraded to Buy from Accumulate at KLR Group... Twitter (TWTR) upgraded to Buy from Neutral at UBS.
Coach names Gebhard Rainer as president and COO, effective September 29 Coach (COH) announced the appointment of Gebhard Rainer, as President and COO, effective September 29. Rainer joins Coach from Hyatt Hotels Corporation (H), where he most recently held the position of Executive Vice President and CFO. Rainer is filling a position that has been vacant since September 2013.