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Stock Market & Financial Investment News

News Breaks
July 9, 2014
08:59 EDTCOHCoach downgraded at Buckingham
As noted earlier, Buckingham downgraded Coach to Underperform from Neutral. After analyzing the company's financial outlook, Buckingham concluded that the company will likely have to cut its dividend and/or raise more debt than expected. The firm remains pessimistic on the outlook for the company's business. Target to $28 from $32.
News For COH From The Last 14 Days
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August 1, 2014
14:44 EDTCOHCoach August volatility elevated into Q4 and outlook
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July 30, 2014
10:30 EDTCOHMichael Kors risks seen increasing, shares downgraded
Shares of accessories designer Michael Kors (KORS) are falling after research firm Robert W. Baird downgraded the stock in a note to investors earlier today. WHAT'S NEW: There is increased risk to Michael Kors' revenue and profit margins in North America, Baird analyst Mark Altschwager wrote. The firm's survey on handbags suggests that many fewer consumers are looking to buy handbags this quarter than in the prior quarter, the analyst stated. Additionally, the survey suggests that fewer women plan to buy a Michael Kors handbag in Q3 than in Q2, Baird stated. Meanwhile, Internet search trend data indicates that Michael Kors' trends in the U.S. decelerated in July, Altschwager stated. On a positive note, Michael Kors can still meet its guidance for a high teen percentage increase in Q1 comparative sales and the company's European business appears to be strong, the analyst stated. Moreover, the accessories maker's Q1 results and its guidance are likely to be in-line with expectations, Altschwager believes. However, he "sees less room" for the company's Q1 results to beat expectations. The analyst lowered his price target on the shares to $98 from $114 and cut his rating to Neutral from Outperform. WHAT'S NOTABLE: In recent days Topeka, Morgan Stanley, and Piper Jaffray recommended buying Michael Kors' stock following its weakness. However, BMO Capital called the stock overvalued and Citigroup wrote that its own survey showed that Michael Kors' watch sales were moderating. PRICE ACTION: In early trading, Michael Kors fell 1% to $82.91. Other companies in the space were mixed, as Coach (COH) gained 1.4% to $34.83 and Kate Spade (KATE) lost 0.6% to $38.45.
07:53 EDTCOHHandbag survey points to demand deceleration, says RW Baird
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July 29, 2014
08:17 EDTCOHCoach Michael Kors shares overvalued, says BMO Capital
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July 24, 2014
10:51 EDTCOHStocks with call strike movement; COH GILD
Coach (COH) November 39 call option implied volatility decreased 3% to 30, Gilead (GILD) January 110 call option implied volatility decreased 5% to 30 according to IVolatility.
10:39 EDTCOHCoach view changed to Mixed from Negative at OTR Global (pre-open)

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